The Manufacturers Life Insurance Company purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 123,128 shares of the company’s stock, valued at approximately $39,097,000.
Other institutional investors have also recently made changes to their positions in the company. Montag A & Associates Inc. grew its stake in shares of Royal Caribbean Cruises by 184.4% during the 4th quarter. Montag A & Associates Inc. now owns 91 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Ares Financial Consulting LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. purchased a new position in Royal Caribbean Cruises during the first quarter valued at approximately $27,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $27,000. Institutional investors own 87.53% of the company’s stock.
Insider Buying and Selling
In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 12,811 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the sale, the chief executive officer owned 45,297 shares in the company, valued at $14,313,399.03. The trade was a 22.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.44% of the stock is currently owned by insiders.
Royal Caribbean Cruises Trading Down 0.6%
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, topping the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the firm earned $4.38 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on RCL shares. Zacks Research raised shares of Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 18th. Susquehanna lifted their target price on shares of Royal Caribbean Cruises from $350.00 to $372.00 and gave the company a “positive” rating in a research note on Wednesday, July 29th. BMO Capital Markets assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 7th. They issued an “outperform” rating and a $370.00 target price for the company. Mizuho set a $380.00 price target on Royal Caribbean Cruises in a research note on Friday, May 1st. Finally, Barclays cut their price target on Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $353.40.
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.
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