State Street Corp Acquires 270,930 Shares of Royal Caribbean Cruises Ltd. $RCL

Key Points

• State Street increased its Royal Caribbean holdings by 2.6%, purchasing 270,930 shares to own 10.69 million shares, or about 4% of the company. Institutional investors collectively own 87.53% of RCL.
• Royal Caribbean beat quarterly earnings expectations, reporting $4.21 EPS and $4.83 billion in revenue, while raising attention with FY 2026 EPS guidance of $17.73–$17.87.
• The company declared a quarterly dividend of $1.50 per share, equivalent to $6.00 annually and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $353.40, despite shares opening at $235.45.

State Street Corp increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,689,134 shares of the company's stock after buying an additional 270,930 shares during the period. State Street Corp owned about 4.00% of Royal Caribbean Cruises worth $3,409,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Security National Bank of SO Dak bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth $32,000. Junto Capital Management LP purchased a new position in Royal Caribbean Cruises in the second quarter valued at about $85,092,000. Tidal Investments LLC lifted its position in shares of Royal Caribbean Cruises by 13.2% during the second quarter. Tidal Investments LLC now owns 18,163 shares of the company's stock valued at $5,767,000 after buying an additional 2,115 shares during the last quarter. Lunt Capital Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 10.8% in the 2nd quarter. Lunt Capital Management Inc. now owns 8,102 shares of the company's stock valued at $2,573,000 after buying an additional 792 shares in the last quarter. Finally, National Pension Service boosted its holdings in shares of Royal Caribbean Cruises by 1.5% in the 2nd quarter. National Pension Service now owns 1,014,363 shares of the company's stock valued at $322,091,000 after buying an additional 14,548 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $235.45 on Wednesday. The business has a fifty day moving average of $287.32 and a 200 day moving average of $282.77. Royal Caribbean Cruises Ltd. has a 1 year low of $231.03 and a 1 year high of $356.39. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.21 and a quick ratio of 0.19. The firm has a market capitalization of $62.97 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.74.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.23. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.82 billion. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%.The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, September 17th. Royal Caribbean Cruises's dividend payout ratio is 37.08%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Michael Bayley sold 12,811 shares of the firm'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 of the company's stock, valued at approximately $14,313,399.03. This trade represents a 22.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.44% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $410.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Susquehanna increased their target price on shares of Royal Caribbean Cruises from $350.00 to $372.00 and gave the company a "positive" rating in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of Royal Caribbean Cruises from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, September 3rd. Zacks Research raised shares of Royal Caribbean Cruises from a "strong sell" rating to a "hold" rating in a report on Thursday, June 18th. Finally, TD Cowen upgraded Royal Caribbean Cruises to a "strong-buy" rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus target price 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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