Geode Capital Management LLC Has $1.96 Billion Stake in Royal Caribbean Cruises Ltd. $RCL

Key Points

• Geode Capital Management increased its stake in Royal Caribbean Cruises by 2.3% in the fourth quarter, ending with 7.05 million shares worth about $1.96 billion.
• Royal Caribbean posted a strong latest quarter, with EPS of $3.60 beating estimates and revenue rising 11.3% year over year. The company also raised guidance for both Q2 2026 and full-year 2026.
• Analyst sentiment remains mostly positive, with 15 Buy ratings and a consensus Moderate Buy rating, while the stock was trading up around 2.1% and recently benefited from favorable cruise-industry news and lower fuel-cost expectations.

Geode Capital Management LLC boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,054,191 shares of the company's stock after buying an additional 155,491 shares during the quarter. Geode Capital Management LLC owned approximately 2.59% of Royal Caribbean Cruises worth $1,961,758,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Royal Caribbean Cruises by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,485 shares of the company's stock valued at $693,000 after buying an additional 30 shares in the last quarter. AlphaStar Capital Management LLC boosted its stake in Royal Caribbean Cruises by 4.1% in the 4th quarter. AlphaStar Capital Management LLC now owns 779 shares of the company's stock valued at $217,000 after buying an additional 31 shares in the last quarter. Kestra Investment Management LLC boosted its stake in Royal Caribbean Cruises by 2.6% in the 4th quarter. Kestra Investment Management LLC now owns 1,208 shares of the company's stock valued at $337,000 after buying an additional 31 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Royal Caribbean Cruises by 16.1% in the 2nd quarter. Rakuten Securities Inc. now owns 252 shares of the company's stock valued at $79,000 after buying an additional 35 shares in the last quarter. Finally, Diversified Trust Co. boosted its stake in Royal Caribbean Cruises by 4.2% in the 4th quarter. Diversified Trust Co. now owns 918 shares of the company's stock valued at $256,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Key Headlines Impacting Royal Caribbean Cruises

Here are the key news stories impacting Royal Caribbean Cruises this week:

• Positive Sentiment: UBS described the cruise industry as “unsinkable,” reinforcing a positive view of the sector and supporting sentiment toward Royal Caribbean Cruises Ltd. (RCL). The unsinkable cruise industry — UBS
• Positive Sentiment: Analysts highlighted Royal Caribbean’s digital booking strategy as a driver of earlier bookings, higher onboard spending and stronger loyalty, which could improve revenue visibility and margins. How RCL's Digital Booking Strategy Is Reshaping Cruise Economics
• Positive Sentiment: Royal Caribbean’s stock is also supported by industry-wide relief from lower oil prices, which can reduce fuel costs and help profitability for cruise operators. Cruise stocks surge as oil slides 3% on U.S.-Iran deal hopes
• Neutral Sentiment: The company scrapped a planned Mexico water park after environmental backlash and regulatory rejection, removing a potential growth project but also reducing near-term controversy. Royal Caribbean scraps Mexico water park after environmental backlash, president says
• Neutral Sentiment: Market commentary on consumer discretionary stocks remained cautious overall, but it was broad sector analysis rather than a direct Royal Caribbean-specific negative. 3 Consumer Stocks We’re Skeptical Of

Wall Street Analysts Forecast Growth

Several analysts recently commented on RCL shares. Deutsche Bank Aktiengesellschaft set a $296.00 price target on Royal Caribbean Cruises in a research note on Friday, May 1st. The Goldman Sachs Group lifted their price objective on Royal Caribbean Cruises from $310.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Morgan Stanley cut their price objective on Royal Caribbean Cruises from $310.00 to $280.00 and set an "equal weight" rating for the company in a research report on Tuesday. TD Cowen cut their price objective on Royal Caribbean Cruises from $350.00 to $337.00 and set a "buy" rating for the company in a research report on Friday, May 15th. Finally, Jefferies Financial Group lifted their price objective on Royal Caribbean Cruises from $275.00 to $334.00 and gave the company a "hold" rating in a research report on Friday, January 30th. Fifteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus target price of $344.05.

Royal Caribbean Cruises Trading Up 2.1%

RCL stock opened at $281.02 on Friday. The company has a market cap of $75.37 billion, a P/E ratio of 17.15, a PEG ratio of 0.96 and a beta of 1.77. Royal Caribbean Cruises Ltd. has a twelve month low of $232.10 and a twelve month high of $366.50. 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 has a fifty day moving average of $269.23 and a 200-day moving average of $282.13.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $3.60 earnings per share for the quarter, topping analysts' consensus estimates of $3.20 by $0.40. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.46 billion. Royal Caribbean Cruises had a return on equity of 45.25% and a net margin of 24.36%.The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 17.27 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 3rd will be given a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.1%. Royal Caribbean Cruises's payout ratio is presently 36.61%.

About Royal Caribbean Cruises

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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