Amundi Has $146.90 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Amundi trimmed its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 37.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 646,525 shares of the company's stock after selling 389,877 shares during the quarter. Amundi owned approximately 0.24% of Royal Caribbean Cruises worth $146,903,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RCL. National Pension Service increased its stake in Royal Caribbean Cruises by 138.9% during the fourth quarter. National Pension Service now owns 864,049 shares of the company's stock valued at $199,327,000 after purchasing an additional 502,349 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $69,556,000. AustralianSuper Pty Ltd raised its stake in Royal Caribbean Cruises by 2,042.8% during the fourth quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company's stock worth $28,349,000 after acquiring an additional 117,152 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Royal Caribbean Cruises by 138.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company's stock worth $28,703,000 after acquiring an additional 93,899 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Royal Caribbean Cruises in the third quarter worth about $14,544,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Laura H. Bethge sold 14,992 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the transaction, the insider now directly owns 21,155 shares in the company, valued at $5,539,648.30. The trade was a 41.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the completion of the transaction, the director now directly owns 185,021 shares in the company, valued at $47,491,190.28. This trade represents a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,492 shares of company stock valued at $28,571,705. Corporate insiders own 7.95% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on RCL shares. Barclays raised their price target on Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Macquarie raised their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $283.53.

Royal Caribbean Cruises Trading Up 1.7 %

RCL stock traded up $3.42 during mid-day trading on Wednesday, reaching $210.59. 1,463,972 shares of the stock traded hands, compared to its average volume of 2,704,758. Royal Caribbean Cruises Ltd. has a 52-week low of $125.06 and a 52-week high of $277.08. The stock's fifty day moving average is $242.53 and its 200-day moving average is $219.34. The company has a market cap of $56.68 billion, a P/E ratio of 19.75, a P/E/G ratio of 0.90 and a beta of 2.53. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period last year, the business posted $1.25 earnings per share. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 1.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.42%. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 7th. Royal Caribbean Cruises's payout ratio is presently 28.06%.

Royal Caribbean Cruises Profile

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.