Healthcare of Ontario Pension Plan Trust Fund Acquires 5,777 Shares of Royal Caribbean Cruises Ltd. $RCL

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 57.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,803 shares of the company’s stock after buying an additional 5,777 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Royal Caribbean Cruises were worth $4,349,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RCL. Brighton Jones LLC lifted its position in Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares in the last quarter. Woodline Partners LP boosted its stake 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 purchasing an additional 6,063 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $1,762,000. Baird Financial Group Inc. increased its holdings in Royal Caribbean Cruises by 5.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,772 shares of the company’s stock worth $1,494,000 after purchasing an additional 243 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth approximately $357,000. 87.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on RCL. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday. Susquehanna increased their price target on Royal Caribbean Cruises from $350.00 to $372.00 and gave the company a “positive” rating in a research report on Wednesday. Loop Capital began coverage on Royal Caribbean Cruises in a research note on Monday, June 1st. They set a “hold” rating and a $304.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Royal Caribbean Cruises from $280.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Citigroup upped their target price on shares of Royal Caribbean Cruises from $327.00 to $362.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $350.50.

Royal Caribbean Cruises Trading Down 0.4%

NYSE:RCL opened at $322.15 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.17 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $86.40 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.76. The firm’s 50 day moving average is $294.60 and its 200 day moving average is $289.60. 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 posted its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the business 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. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 17.74 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, June 3rd were issued a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $6.00 annualized dividend and a yield of 1.9%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 37.08%.

Key Stories Impacting Royal Caribbean Cruises

Here are the key news stories impacting Royal Caribbean Cruises this week:

• Positive Sentiment: Royal Caribbean reported second-quarter adjusted earnings of $4.21 per share, above the $3.98 analyst consensus, while revenue of $4.83 billion broadly matched estimates and increased 6.5% year over year. Royal Caribbean earnings and outlook article
• Positive Sentiment: Management maintained its 2026 adjusted EPS outlook of $17.73–$17.87 and reiterated 1.75%–2.25% net yield growth. Record booking volumes and pricing, particularly from higher-margin guests, support continued earnings momentum. Royal Caribbean 2026 forecast article
• Positive Sentiment: Investors continue to point to premium offerings, private destinations, fleet expansion, river cruises and substantial share repurchases—including approximately $1 billion in first-half buybacks—as longer-term catalysts. Royal Caribbean growth drivers article
• Neutral Sentiment: Royal Caribbean appears relatively insulated from weaker consumer vacation demand because affluent travelers are continuing to pay for cruises and premium experiences. Analysts comparing RCL with Carnival see resilient demand and strong bookings across the industry. Royal Caribbean cruise pricing article
• Negative Sentiment: Royal Caribbean reduced its 2026 revenue-growth outlook from 10% to approximately 9% and narrowed reported net-yield guidance, partly reflecting itinerary changes and geopolitical effects on bookings. European cruise demand also faces potential headwinds. Royal Caribbean Q2 outlook article
• Negative Sentiment: Higher fuel costs, roughly $23 billion of debt and heavy capital spending create downside risks if travel demand weakens. Morgan Stanley raised its target to $300 but kept an “equal weight” rating, implying the current valuation already reflects much of the company’s growth outlook. Morgan Stanley Royal Caribbean price target report

Royal Caribbean Cruises 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.