California Public Employees Retirement System Has $91.84 Million Stake in Royal Caribbean Cruises Ltd. $RCL

Key Points

• CalPERS trimmed its Royal Caribbean stake by 25.6% in the first quarter, selling 114,936 shares and ending with 333,741 shares valued at about $91.84 million.
• Wall Street remains constructive on RCL, with an average rating of “Moderate Buy” and an average price target of $346.80; several firms recently reiterated or adjusted bullish targets.
• Royal Caribbean reported solid quarterly results, beating EPS estimates with $3.60 per share and raising guidance for fiscal 2026, while also paying a quarterly dividend of $1.50 per share.

California Public Employees Retirement System lowered its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 25.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,741 shares of the company's stock after selling 114,936 shares during the period. California Public Employees Retirement System owned about 0.12% of Royal Caribbean Cruises worth $91,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Royal Caribbean Cruises by 9.8% in the fourth quarter. Capital International Investors now owns 36,165,358 shares of the company's stock valued at $10,088,156,000 after acquiring an additional 3,215,382 shares during the last quarter. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 30,253,450 shares of the company's stock valued at $8,438,292,000 after purchasing an additional 187,283 shares during the last quarter. Capital Research Global Investors boosted its position in Royal Caribbean Cruises by 4.8% during the fourth quarter. Capital Research Global Investors now owns 20,176,544 shares of the company's stock valued at $5,627,669,000 after purchasing an additional 920,042 shares during the last quarter. State Street Corp boosted its position in Royal Caribbean Cruises by 0.8% during the third quarter. State Street Corp now owns 10,576,751 shares of the company's stock valued at $3,433,052,000 after purchasing an additional 84,202 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Royal Caribbean Cruises by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 7,054,191 shares of the company's stock valued at $1,961,758,000 after purchasing an additional 155,491 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RCL shares. BMO Capital Markets started coverage on 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. Zacks Research raised Royal Caribbean Cruises from a "strong sell" rating to a "hold" rating in a report on Thursday, June 18th. UBS Group decreased their target price on shares of Royal Caribbean Cruises from $321.00 to $309.00 and set a "buy" rating for the company in a research note on Thursday, May 14th. Truist Financial lowered their target price on shares of Royal Caribbean Cruises from $318.00 to $297.00 and set a "hold" rating on the stock in a report on Friday, May 22nd. Finally, Citigroup upped their price target on shares of Royal Caribbean Cruises from $348.00 to $362.00 and gave the stock a "buy" rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $346.80.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $286.96 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 1.96. The business's 50 day moving average price is $286.90 and its two-hundred day moving average price is $288.94. The company has a market cap of $76.96 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. Royal Caribbean Cruises Ltd. has a twelve month low of $232.10 and a twelve month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $3.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.20 by $0.40. The company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.46 billion. Royal Caribbean Cruises had a return on equity of 45.25% and a net margin of 24.36%.The business's revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $2.71 earnings per share. Royal Caribbean Cruises has set its Q2 2026 guidance at 3.830-3.930 EPS and its FY 2026 guidance at 17.100-17.500 EPS. On average, analysts predict that Royal Caribbean Cruises Ltd. will post 17.29 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 3rd were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, June 3rd. Royal Caribbean Cruises's payout ratio is currently 36.61%.

Royal Caribbean Cruises Company 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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