Oddo BHF Asset Management Sas Invests $1.45 Million in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Oddo BHF Asset Management Sas acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,160 shares of the company's stock, valued at approximately $1,447,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC grew its stake in shares of Royal Caribbean Cruises by 2.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company's stock valued at $51,349,000 after buying an additional 7,298 shares during the period. Souders Financial Advisors purchased a new stake in Royal Caribbean Cruises in the third quarter valued at $800,000. Swiss National Bank lifted its stake in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company's stock valued at $128,699,000 after purchasing an additional 3,800 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Royal Caribbean Cruises by 8.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company's stock valued at $6,310,000 after buying an additional 2,640 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the transaction, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock valued at $94,299,521 over the last ninety days. Insiders own 7.95% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Tuesday. StockNews.com raised Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th. Sanford C. Bernstein assumed coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an "outperform" rating and a $290.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Finally, Bank of America boosted their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $239.75.

Royal Caribbean Cruises Stock Up 0.4 %

NYSE RCL traded up $1.02 during trading on Friday, reaching $245.17. 1,931,702 shares of the company's stock were exchanged, compared to its average volume of 2,326,271. The company has a 50 day moving average price of $222.37 and a two-hundred day moving average price of $181.90. The stock has a market cap of $65.92 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $258.70. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the company posted $3.85 earnings per share. The firm's quarterly revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

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

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.