8,948 Royal Caribbean Cruises Ltd. $RCL Shares Bought by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 160,952 shares of the company’s stock after purchasing an additional 8,948 shares during the period. Pinnacle Associates Ltd.’s holdings in Royal Caribbean Cruises were worth $42,791,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in Royal Caribbean Cruises in the second quarter valued at approximately $321,332,000. Quantitative Investment Management LLC bought a new position in Royal Caribbean Cruises during the second quarter valued at $3,586,000. Proficio Capital Partners LLC bought a new position in Royal Caribbean Cruises during the second quarter valued at $650,000. Envestnet Asset Management Inc. grew its holdings in Royal Caribbean Cruises by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 293,714 shares of the company’s stock valued at $93,261,000 after purchasing an additional 14,018 shares during the period. Finally, State of Michigan Retirement System purchased a new stake in Royal Caribbean Cruises in the first quarter worth $18,080,000. 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 $288.18 on Wednesday. The stock has a market capitalization of $77.07 billion, a P/E ratio of 17.81, a PEG ratio of 0.99 and a beta of 1.82. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03. The firm’s 50 day moving average is $272.65 and its 200 day moving average is $282.03. Royal Caribbean Cruises Ltd. has a 12 month low of $222.22 and a 12 month high of $356.39.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 EPS 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 company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the firm earned $4.38 EPS. 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. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.79 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, September 17th. This represents a $6.00 annualized dividend and a dividend yield of 2.1%. Royal Caribbean Cruises’s dividend payout ratio is currently 37.08%.

Insider Activity

In other news, CEO Michael Bayley sold 12,811 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $315.99, for a total value 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 $14,313,399.03. This trade represents a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on RCL shares. UBS Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, September 23rd. Truist Financial increased their price target on Royal Caribbean Cruises from $297.00 to $298.00 and gave the stock a “hold” rating in a research note on Thursday, September 24th. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $410.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Freedom Capital lowered Royal Caribbean Cruises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $355.00 price objective (down from $380.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, September 23rd. Twenty equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $350.35.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group (NYSE: RCL), is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company’s principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.