The Manufacturers Life Insurance Company Reduces Stock Position in Royal Caribbean Cruises Ltd. $RCL

Key Points

• The Manufacturers Life Insurance Company reduced its Royal Caribbean position by 5.6% in the second quarter, selling 7,353 shares and retaining 123,128 shares valued at approximately $39.1 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. CEO Michael Bayley separately sold 12,811 shares for about $4.05 million.
• The company declared a quarterly dividend of $1.50 per share, equivalent to a 2.3% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $353.40.

The Manufacturers Life Insurance Company cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,128 shares of the company's stock after selling 7,353 shares during the period. The Manufacturers Life Insurance Company's holdings in Royal Caribbean Cruises were worth $39,097,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RCL. University of Texas Texas AM Investment Management Co. bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at $26,000. IMG Wealth Management Inc. bought a new position in shares of Royal Caribbean Cruises in the first quarter worth $27,000. Kemnay Advisory Services Inc. bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth $27,000. Quattro Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $27,000. Finally, Tucker Asset Management LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $28,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Michael Bayley sold 12,811 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 45,297 shares of the company's stock, valued at approximately $14,313,399.03. The trade was a 22.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.44% of the company's stock.

Royal Caribbean Cruises Trading Up 0.5%

Royal Caribbean Cruises stock opened at $260.20 on Friday. The stock has a market cap of $69.59 billion, a P/E ratio of 16.08, a PEG ratio of 0.93 and a beta of 1.74. Royal Caribbean Cruises Ltd. has a fifty-two week low of $232.10 and a fifty-two week high of $356.39. The firm's fifty day moving average price is $292.46 and its 200-day moving average price is $285.77. 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the company earned $4.38 earnings per share. The firm's quarterly revenue 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. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 17th. Royal Caribbean Cruises's dividend payout ratio (DPR) is 37.08%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RCL. BMO Capital Markets assumed coverage on Royal Caribbean Cruises in a report on Tuesday, July 7th. They set an "outperform" rating and a $370.00 price objective on the stock. Loop Capital began coverage on Royal Caribbean Cruises in a report on Monday, June 1st. They set a "hold" rating and a $304.00 target price for the company. Morgan Stanley upped their price target on Royal Caribbean Cruises from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Citigroup increased their price target on shares of Royal Caribbean Cruises from $327.00 to $362.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Royal Caribbean Cruises from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has a consensus 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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