The Manufacturers Life Insurance Company Sells 7,353 Shares of Royal Caribbean Cruises Ltd. $RCL

The Manufacturers Life Insurance Company reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.6% in the second quarter, Holdings Channel.com reports. The firm owned 123,128 shares of the company’s stock after selling 7,353 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Royal Caribbean Cruises were worth $39,097,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC raised its holdings in shares of Royal Caribbean Cruises by 2.6% during the 4th quarter. Kestra Investment Management LLC now owns 1,208 shares of the company’s stock valued at $337,000 after buying an additional 31 shares in the last quarter. Waterloo Capital L.P. boosted its stake in Royal Caribbean Cruises by 2.9% in the fourth quarter. Waterloo Capital L.P. now owns 1,191 shares of the company’s stock worth $332,000 after buying an additional 34 shares in the last quarter. REAP Financial Group LLC grew its position in Royal Caribbean Cruises by 16.8% during the fourth quarter. REAP Financial Group LLC now owns 243 shares of the company’s stock valued at $68,000 after acquiring an additional 35 shares during the last quarter. Rakuten Securities Inc. grew its position in Royal Caribbean Cruises by 16.1% during the second quarter. Rakuten Securities Inc. now owns 252 shares of the company’s stock valued at $79,000 after acquiring an additional 35 shares during the last quarter. Finally, Global Financial Private Client LLC raised its stake in shares of Royal Caribbean Cruises by 1.6% during the first quarter. Global Financial Private Client LLC now owns 2,343 shares of the company’s stock worth $645,000 after acquiring an additional 38 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $260.20 on Friday. The company has a market capitalization of $69.59 billion, a P/E ratio of 16.08, a PEG ratio of 0.93 and a beta of 1.74. Royal Caribbean Cruises Ltd. has a fifty-two week low of $232.10 and a fifty-two week high of $356.39. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.19 and a current ratio of 0.21. The stock has a 50 day moving average price of $292.46 and a two-hundred day moving average price of $285.77.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share (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 firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the business earned $4.38 earnings per share. The business’s revenue 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. Analysts expect that Royal Caribbean Cruises Ltd. will post 17.78 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $6.00 annualized dividend and a yield of 2.3%. Royal Caribbean Cruises’s dividend payout ratio is presently 37.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RCL shares. BMO Capital Markets initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 7th. They issued an “outperform” rating and a $370.00 price objective for the company. Zacks Research raised shares of Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a report on Thursday, June 18th. Susquehanna lifted their target price on shares of Royal Caribbean Cruises from $350.00 to $372.00 and gave the stock a “positive” rating in a research report on Wednesday, July 29th. 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 research note on Friday, May 22nd. Finally, TD Cowen upgraded shares of Royal Caribbean Cruises to a “strong-buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $353.40.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael Bayley sold 12,811 shares of the firm’s stock in a transaction 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 owned 45,297 shares of the company’s stock, valued at $14,313,399.03. This trade represents 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.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd., now operating as Royal Caribbean Group, is a global cruise vacation company headquartered in Miami, Florida. The company provides cruise vacations and related travel experiences through a fleet of ocean-going ships serving destinations across the Caribbean, Europe, Alaska, Asia, Australia and New Zealand, and other regions.

Royal Caribbean Group’s principal brands include Royal Caribbean International, Celebrity Cruises and Silversea. Royal Caribbean International focuses on large-ship vacations featuring entertainment, dining, family activities and onboard attractions; Celebrity Cruises offers premium cruises; and Silversea specializes in luxury and expedition voyages.