Concord Investment Counsel Inc. bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 20,222 shares of the company’s stock, valued at approximately $6,421,000. Royal Caribbean Cruises accounts for 1.8% of Concord Investment Counsel Inc.’s portfolio, making the stock its 21st largest position.
A number of other hedge funds have also added to or reduced their stakes in RCL. BlackRock Inc. bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $6,549,422,000. Capital International Investors increased its stake in shares of Royal Caribbean Cruises by 9.8% in the 4th 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 in the last quarter. Norges Bank bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at $456,752,000. Bank of New York Mellon Corp acquired a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at $381,271,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Royal Caribbean Cruises by 25,747.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,202,161 shares of the company’s stock valued at $335,307,000 after acquiring an additional 1,197,510 shares during the period. 87.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. UBS Group restated a “buy” rating and issued a $367.00 price target on shares of Royal Caribbean Cruises in a report on Monday, August 3rd. Truist Financial dropped their price objective 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. Morgan Stanley upped their price objective on shares of Royal Caribbean Cruises from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Mizuho set a $380.00 price objective on shares of Royal Caribbean Cruises in a research report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft set a $296.00 target price on Royal Caribbean Cruises in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average price target of $353.40.
Royal Caribbean Cruises Stock Performance
NYSE RCL opened at $292.29 on Friday. The company has a market cap of $78.17 billion, a P/E ratio of 18.06, a PEG ratio of 0.98 and a beta of 1.77. The company has a fifty day simple moving average of $304.42 and a 200 day simple moving average of $291.73. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03. Royal Caribbean Cruises Ltd. has a 12-month low of $232.10 and a 12-month high of $366.50.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the company posted $4.38 earnings per share. The business’s 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. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current fiscal year.
Insider Activity at Royal Caribbean Cruises
In other news, CEO Michael W. Bayley sold 12,811 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 45,297 shares of the company’s stock, valued at $14,313,399.03. The trade was a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.44% of the stock is currently owned by insiders.
Royal Caribbean Cruises 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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