Oddo BHF Asset Management Sas Acquires Shares of 8,160 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Oddo BHF Asset Management Sas bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 8,160 shares of the company’s stock, valued at approximately $1,447,000.

Several other institutional investors have also made changes to their positions in the company. Plato Investment Management Ltd acquired a new position in Royal Caribbean Cruises in the 3rd quarter worth approximately $26,000. Unique Wealth Strategies LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter valued at $27,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Royal Caribbean Cruises in the third quarter worth $27,000. DiNuzzo Private Wealth Inc. grew its stake in Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $31,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 404,332 shares of company stock worth $94,299,521. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $245.26 on Friday. The stock has a 50-day simple moving average of $222.37 and a 200 day simple moving average of $181.90. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $258.70. The stock has a market capitalization of $65.94 billion, a PE ratio of 25.21, a P/E/G ratio of 0.65 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.85 earnings per share. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Friday, December 27th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is currently 22.61%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RCL shares. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective on the stock. Macquarie increased their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Bank of America lifted their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Citigroup increased their price objective on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.75.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.