1,011,972 Shares in Royal Caribbean Cruises Ltd. $RCL Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 1,011,972 shares of Royal Caribbean Group in the second quarter, valued at approximately $321.3 million and representing about 0.38% of the company.
• Royal Caribbean reported quarterly EPS of $4.21, beating estimates of $3.98, while revenue rose 6.5% year over year to $4.83 billion. The company also declared a quarterly dividend of $1.50 per share, equivalent to a 2.4% annual yield.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $353.40, despite some recent price-target reductions and a “hold” downgrade.

Bank of America Corp DE purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,011,972 shares of the company's stock, valued at approximately $321,332,000. Bank of America Corp DE owned about 0.38% of Royal Caribbean Cruises as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of RCL. Kestra Investment Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 2.6% during the fourth quarter. Kestra Investment Management LLC now owns 1,208 shares of the company's stock worth $337,000 after acquiring an additional 31 shares during the period. Waterloo Capital L.P. grew its position in shares of Royal Caribbean Cruises by 2.9% in the fourth quarter. Waterloo Capital L.P. now owns 1,191 shares of the company's stock valued at $332,000 after purchasing an additional 34 shares during the last quarter. REAP Financial Group LLC increased its stake in shares of Royal Caribbean Cruises by 16.8% during the fourth quarter. REAP Financial Group LLC now owns 243 shares of the company's stock worth $68,000 after purchasing an additional 35 shares during the period. Global Financial Private Client LLC increased its stake in shares of Royal Caribbean Cruises by 1.6% during the first quarter. Global Financial Private Client LLC now owns 2,343 shares of the company's stock worth $645,000 after purchasing an additional 38 shares during the period. Finally, Wiser Advisor Group LLC lifted its holdings in Royal Caribbean Cruises by 1.8% during the 4th quarter. Wiser Advisor Group LLC now owns 2,235 shares of the company's stock worth $623,000 after purchasing an additional 40 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael Bayley sold 12,811 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total transaction of $4,048,147.89. Following the completion of the transaction, the chief executive officer directly owned 45,297 shares in the company, valued at $14,313,399.03. The trade was a 22.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.44% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Up 2.0%

RCL opened at $254.31 on Thursday. The stock has a market capitalization of $68.01 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 0.90 and a beta of 1.74. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 2.03. Royal Caribbean Cruises Ltd. has a twelve month low of $232.10 and a twelve month high of $356.39. The company has a 50-day simple moving average of $290.58 and a 200 day simple moving average of $284.31.

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, beating the consensus estimate of $3.98 by $0.23. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.82 billion. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $4.38 EPS. 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. Analysts predict that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 17th. Royal Caribbean Cruises's dividend payout ratio (DPR) is 37.08%.

Analyst Upgrades and Downgrades

RCL has been the subject of several recent research reports. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Weiss Ratings cut shares of Royal Caribbean Cruises from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 3rd. Truist Financial decreased their price target on shares of Royal Caribbean Cruises from $318.00 to $297.00 and set a "hold" rating on the stock in a research note on Friday, May 22nd. BMO Capital Markets began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 7th. They set an "outperform" rating and a $370.00 price target on the stock. Finally, UBS Group reiterated a "buy" rating and issued a $367.00 price objective on shares of Royal Caribbean Cruises in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus price target of $353.40.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd., now operating as Royal Caribbean Group, is a global cruise vacation company headquartered in Miami, Florida. The company provides cruise vacations and related travel experiences through a fleet of ocean-going ships serving destinations across the Caribbean, Europe, Alaska, Asia, Australia and New Zealand, and other regions.

Royal Caribbean Group's principal brands include Royal Caribbean International, Celebrity Cruises and Silversea. Royal Caribbean International focuses on large-ship vacations featuring entertainment, dining, family activities and onboard attractions; Celebrity Cruises offers premium cruises; and Silversea specializes in luxury and expedition voyages.

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