Legal & General Group Plc Buys Shares of 1,302,078 Royal Caribbean Cruises Ltd. $RCL

Legal & General Group Plc bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,302,078 shares of the company’s stock, valued at approximately $413,449,000.

Several other large investors have also modified their holdings of RCL. BlackRock Inc. purchased a new position in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $6,549,422,000. Capital International Investors boosted its stake in shares of Royal Caribbean Cruises by 9.8% in the fourth quarter. Capital International Investors now owns 36,165,358 shares of the company’s stock valued at $10,088,156,000 after buying an additional 3,215,382 shares in the last quarter. Norges Bank purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $456,752,000. Bank of New York Mellon Corp purchased a new stake in shares of Royal Caribbean Cruises in the second quarter valued at approximately $381,271,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Royal Caribbean Cruises by 25,747.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,202,161 shares of the company’s stock worth $335,307,000 after acquiring an additional 1,197,510 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on RCL shares. Loop Capital began coverage on Royal Caribbean Cruises in a research report on Monday, June 1st. They issued a “hold” rating and a $304.00 price objective for the company. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, July 28th. TD Cowen lowered their price target on shares of Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Susquehanna increased their price target on shares of Royal Caribbean Cruises from $350.00 to $372.00 and gave the company a “positive” rating in a report on Wednesday, July 29th. Finally, Citigroup raised their price objective on shares of Royal Caribbean Cruises from $327.00 to $362.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.40.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $292.48 on Wednesday. The firm has a market capitalization of $78.22 billion, a PE ratio of 18.08, a P/E/G ratio of 1.00 and a beta of 1.77. Royal Caribbean Cruises Ltd. has a 52 week low of $232.10 and a 52 week high of $366.50. The firm’s 50-day simple moving average is $303.60 and its 200 day simple moving average is $290.94. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 2.03.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.23. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.82 billion. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $4.38 EPS. 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, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 12,811 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the sale, the chief executive officer directly owned 45,297 shares in the company, valued at $14,313,399.03. This represents a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.44% of the stock is owned by corporate insiders.

About Royal Caribbean Cruises

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.