BI Asset Management Fondsmaeglerselskab A S Lowers Stock Position in Royal Caribbean Cruises Ltd. $RCL

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,877 shares of the company’s stock after selling 1,909 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Royal Caribbean Cruises were worth $17,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RCL. Brighton Jones LLC raised its holdings in shares of Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after purchasing an additional 143 shares during the period. Woodline Partners LP raised its holdings in Royal Caribbean Cruises by 40.8% in the first quarter. Woodline Partners LP now owns 20,918 shares of the company’s stock valued at $4,297,000 after buying an additional 6,063 shares during the period. DAVENPORT & Co LLC lifted its position in Royal Caribbean Cruises by 7.4% during the second quarter. DAVENPORT & Co LLC now owns 1,758 shares of the company’s stock valued at $550,000 after buying an additional 121 shares in the last quarter. Belpointe Asset Management LLC lifted its position in Royal Caribbean Cruises by 75.1% during the second quarter. Belpointe Asset Management LLC now owns 1,755 shares of the company’s stock valued at $550,000 after buying an additional 753 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Royal Caribbean Cruises by 4.3% during the second quarter. Venturi Wealth Management LLC now owns 2,286 shares of the company’s stock worth $716,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

RCL has been the topic of a number of research reports. TD Cowen reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, January 13th. Wall Street Zen lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Susquehanna set a $350.00 price objective on Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday, October 30th. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Thursday, January 29th. Finally, Morgan Stanley raised their target price on Royal Caribbean Cruises from $290.00 to $330.00 and gave the company an “equal weight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $347.81.

Royal Caribbean Cruises Stock Down 1.0%

Shares of NYSE RCL opened at $325.44 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.16 and a current ratio of 0.18. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The stock’s 50-day simple moving average is $287.71 and its 200-day simple moving average is $303.87. The firm has a market cap of $88.75 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.07 and a beta of 1.91.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.80. Royal Caribbean Cruises had a return on equity of 45.06% and a net margin of 23.80%.The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the firm earned $1.63 EPS. Royal Caribbean Cruises’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, December 26th. Royal Caribbean Cruises’s dividend payout ratio is 25.62%.

Royal Caribbean Cruises declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.