State of Michigan Retirement System Buys New Shares in Royal Caribbean Cruises Ltd. $RCL

State of Michigan Retirement System bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 65,701 shares of the company’s stock, valued at approximately $18,080,000.

Other hedge funds have also added to or reduced their stakes in the company. Danske Bank A S bought a new position in Royal Caribbean Cruises during the 3rd quarter worth approximately $48,063,000. Dougherty & Associates LLC bought a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $10,827,000. TD Asset Management Inc lifted its position in Royal Caribbean Cruises by 29.7% in the fourth quarter. TD Asset Management Inc now owns 877,659 shares of the company’s stock valued at $244,797,000 after purchasing an additional 201,014 shares during the last quarter. North Dakota State Investment Board purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $2,424,000. Finally, Stanley Laman Group Ltd. purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $2,159,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Down 2.0%

Shares of Royal Caribbean Cruises stock opened at $282.74 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 1.96. The company’s fifty day simple moving average is $286.28 and its two-hundred day simple moving average is $288.86. The company has a market cap of $75.83 billion, a P/E ratio of 17.25, a PEG ratio of 1.01 and a beta of 1.76. 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) last issued its quarterly earnings data on Thursday, April 30th. The company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.20 by $0.40. Royal Caribbean Cruises had a net margin of 24.36% and a return on equity of 45.25%. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the business earned $2.71 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Royal Caribbean Cruises has set its Q2 2026 guidance at 3.830-3.930 EPS and its FY 2026 guidance at 17.100-17.500 EPS. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.3 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, June 3rd were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Royal Caribbean Cruises’s dividend payout ratio is presently 36.61%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TD Cowen cut 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 report on Friday, May 15th. Truist Financial lowered their price target on shares of Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating for the company in a report on Friday, May 22nd. Wells Fargo & Company increased their price target on shares of Royal Caribbean Cruises from $360.00 to $361.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Barclays cut their price target on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, Mizuho set a $380.00 price objective on shares of Royal Caribbean Cruises in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $346.80.

Royal Caribbean Cruises Company 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.