Canada Pension Plan Investment Board Purchases New Stake in Royal Caribbean Cruises Ltd. $RCL

Canada Pension Plan Investment Board purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 52,659 shares of the company’s stock, valued at approximately $16,721,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Investors boosted its holdings in shares of Royal Caribbean Cruises by 9.8% during the 4th quarter. Capital International Investors now owns 36,165,358 shares of the company’s stock worth $10,088,156,000 after buying an additional 3,215,382 shares during the period. BlackRock Inc. bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $6,549,422,000. Capital Research Global Investors raised its holdings in Royal Caribbean Cruises by 4.8% in the 4th quarter. Capital Research Global Investors now owns 20,176,544 shares of the company’s stock valued at $5,627,669,000 after acquiring an additional 920,042 shares during the period. State Street Corp raised its holdings in Royal Caribbean Cruises by 0.8% in the 3rd quarter. State Street Corp now owns 10,576,751 shares of the company’s stock valued at $3,433,052,000 after acquiring an additional 84,202 shares during the period. Finally, Geode Capital Management LLC lifted its position in Royal Caribbean Cruises by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 7,054,191 shares of the company’s stock worth $1,961,758,000 after acquiring an additional 155,491 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Down 1.7%

Shares of RCL opened at $279.93 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $232.10 and a 12 month high of $366.50. The firm’s 50 day moving average is $302.18 and its 200-day moving average is $290.18. The stock has a market capitalization of $74.87 billion, a PE ratio of 17.30, a P/E/G ratio of 0.97 and a beta of 1.77. 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 (NYSE:RCL) last released its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.23. The company 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.38 earnings per share. 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 research analysts forecast that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 12,811 shares of Royal Caribbean Cruises 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. The trade was a 22.05% decrease in their position. The sale 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 company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RCL shares. Wells Fargo & Company boosted their price objective on Royal Caribbean Cruises from $361.00 to $388.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. William Blair reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, July 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Royal Caribbean Cruises in a report on Thursday, June 18th. TD Cowen reduced their price target on Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft set a $296.00 price objective on Royal Caribbean Cruises in a 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $353.40.

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.