TD Waterhouse Canada Inc. Grows Stake in Royal Caribbean Cruises Ltd. $RCL

Posted by Francis Steltz on Sep 5th, 2026

TD Waterhouse Canada Inc. raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 38.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,142 shares of the company’s stock after purchasing an additional 30,845 shares during the period. TD Waterhouse Canada Inc.’s holdings in Royal Caribbean Cruises were worth $34,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after purchasing an additional 143 shares in the last quarter. Woodline Partners LP increased its position in Royal Caribbean Cruises by 40.8% during the 1st quarter. Woodline Partners LP now owns 20,918 shares of the company’s stock valued at $4,297,000 after buying an additional 6,063 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Royal Caribbean Cruises during the 2nd quarter valued at about $1,762,000. Baird Financial Group Inc. raised its stake in Royal Caribbean Cruises by 5.4% in the second quarter. Baird Financial Group Inc. now owns 4,772 shares of the company’s stock valued at $1,494,000 after buying an additional 243 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in Royal Caribbean Cruises in the second quarter valued at about $357,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the subject of several recent analyst reports. Loop Capital assumed coverage on Royal Caribbean Cruises in a report on Monday, June 1st. They issued a “hold” rating and a $304.00 price target for the company. Truist Financial cut 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. BMO Capital Markets assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $370.00 price objective for the company. Susquehanna lifted their target price on shares of Royal Caribbean Cruises from $350.00 to $372.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Finally, TD Cowen dropped their target price on shares of Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $353.40.

Get Our Latest Stock Analysis on RCL

Royal Caribbean Cruises Stock Down 0.2%

Shares of RCL stock opened at $265.02 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $232.10 and a fifty-two week high of $362.79. The firm has a market capitalization of $70.88 billion, a PE ratio of 16.38, a P/E/G ratio of 0.95 and a beta of 1.74. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.19 and a current ratio of 0.21. The stock’s 50-day simple moving average is $297.09 and its 200-day simple moving average is $287.72.

Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the firm earned $4.38 earnings per share. Royal Caribbean Cruises’s revenue for the quarter 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 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 disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 17th. Royal Caribbean Cruises’s dividend payout ratio is 37.08%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CEO Michael Bayley sold 12,811 shares of the firm’s stock in a transaction 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 owned 45,297 shares of the company’s stock, valued at $14,313,399.03. This trade represents a 22.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.44% of the stock is owned by insiders.

About Royal Caribbean Cruises

(Free Report)

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.