BlackRock Inc. bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,626,151 shares of the company's stock, valued at approximately $6,549,422,000. BlackRock Inc. owned 7.71% of Royal Caribbean Cruises at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. increased its holdings in shares of Royal Caribbean Cruises by 184.4% in the 4th quarter. Montag A & Associates Inc. now owns 91 shares of the company's stock worth $25,000 after acquiring an additional 59 shares during the period. Bell Investment Advisors Inc acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at approximately $29,000. Ares Financial Consulting LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. Finally, Cape Investment Advisory Inc. acquired a new position in shares of Royal Caribbean Cruises during the second quarter worth approximately $30,000. 87.53% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
RCL has been the subject of a number of recent analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Royal Caribbean Cruises in a report on Thursday, June 18th. UBS Group reaffirmed a "buy" rating and set a $367.00 target price on shares of Royal Caribbean Cruises in a research note on Monday, August 3rd. Loop Capital initiated coverage on Royal Caribbean Cruises in a research note on Monday, June 1st. They issued a "hold" rating and a $304.00 price target for the company. Susquehanna raised their price target on Royal Caribbean Cruises from $350.00 to $372.00 and gave the company a "positive" rating in a report on Wednesday, July 29th. Finally, TD Cowen reduced their price objective on shares of Royal Caribbean Cruises from $350.00 to $337.00 and set a "buy" rating for the company in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $353.40.
Read Our Latest Stock Report on RCL
Insider Activity at Royal Caribbean Cruises
In related news, CEO Michael W. Bayley sold 12,811 shares of the 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 sale, the chief executive officer directly owned 45,297 shares of the company's stock, valued at $14,313,399.03. This represents a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.44% of the stock is owned by insiders.
Royal Caribbean Cruises Trading Down 0.9%
Shares of Royal Caribbean Cruises stock opened at $302.31 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 2.03. The firm has a market cap of $80.85 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.77. The business has a fifty day simple moving average of $303.45 and a 200-day simple moving average of $292.24. Royal Caribbean Cruises Ltd. has a fifty-two week low of $232.10 and a fifty-two week high of $366.50.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.98 by $0.23. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%.The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the company earned $4.38 earnings per share. Royal Caribbean Cruises's 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 forecast that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current fiscal year.
Royal Caribbean Cruises Profile
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Free Report)
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.
See Also
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