8,948 Royal Caribbean Cruises Ltd. $RCL Shares Bought by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates increased its Royal Caribbean Cruises stake by 5.9% in the third quarter, adding 8,948 shares for a total of 160,952 shares valued at approximately $42.8 million. Institutional investors collectively own 87.53% of RCL.
• 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 maintained fiscal 2026 EPS guidance of $17.73–$17.87.
• RCL shares opened at $288.18, and analysts maintain a consensus “Moderate Buy” rating with a $350.35 price target. The company also pays a quarterly dividend of $1.50, equivalent to a 2.1% yield.

Pinnacle Associates Ltd. lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,952 shares of the company's stock after acquiring an additional 8,948 shares during the period. Pinnacle Associates Ltd. owned approximately 0.06% of Royal Caribbean Cruises worth $42,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Royal Caribbean Cruises during the 2nd quarter valued at about $6,549,422,000. Primecap Management Co. CA bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $669,804,000. Jupiter Topco LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth approximately $597,350,000. Legal & General Group Plc purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth approximately $413,449,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth approximately $381,271,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Up 2.2%

Royal Caribbean Cruises stock opened at $288.18 on Wednesday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $222.22 and a fifty-two week high of $356.39. The stock has a market cap of $77.07 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 0.99 and a beta of 1.82. The firm's 50-day simple moving average is $272.65 and its 200 day simple moving average is $282.03. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.19 and a current ratio of 0.21.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the business posted $4.38 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. 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. Research analysts predict that Royal Caribbean Cruises Ltd. will post 17.79 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $6.00 annualized dividend and a dividend yield of 2.1%. Royal Caribbean Cruises's dividend payout ratio is currently 37.08%.

Insider Activity

In related news, CEO Michael Bayley sold 12,811 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 approximately $14,313,399.03. This trade represents a 22.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RCL has been the topic of a number of recent research reports. Freedom Capital lowered Royal Caribbean Cruises from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Truist Financial lifted their target price on Royal Caribbean Cruises from $297.00 to $298.00 and gave the company a "hold" rating in a research report on Thursday, September 24th. Deutsche Bank Aktiengesellschaft upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating and upped their price target for the stock from $299.00 to $330.00 in a report on Monday, September 28th. Weiss Ratings raised Royal Caribbean Cruises from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $355.00 price objective (down from $380.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, September 23rd. Twenty equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $350.35.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group NYSE: RCL, is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company's principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.