Central Pacific Bank Trust Division Has $842,000 Position in Royal Caribbean Cruises Ltd. $RCL

Central Pacific Bank Trust Division lessened its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 40.1% in the second quarter, HoldingsChannel.com reports. The fund owned 2,651 shares of the company’s stock after selling 1,777 shares during the period. Central Pacific Bank Trust Division’s holdings in Royal Caribbean Cruises were worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. TD Asset Management Inc boosted its position in shares of 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 acquiring an additional 201,014 shares during the period. Dougherty & Associates LLC bought a new position in Royal Caribbean Cruises during the fourth quarter worth about $10,827,000. Stanley Laman Group Ltd. bought a new position in Royal Caribbean Cruises during the fourth quarter worth about $2,159,000. North Dakota State Investment Board bought a new position in Royal Caribbean Cruises during the fourth quarter worth about $2,424,000. Finally, Capital International Sarl raised its stake in Royal Caribbean Cruises by 19.3% in the 4th quarter. Capital International Sarl now owns 363,713 shares of the company’s stock worth $101,447,000 after purchasing an additional 58,734 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Caribbean Cruises

In related 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 transaction of $4,048,147.89. Following the sale, the chief executive officer owned 45,297 shares in the company, valued at approximately $14,313,399.03. This trade represents a 22.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $327.00 to $362.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and set a $367.00 target price on shares of Royal Caribbean Cruises in a report on Monday. Susquehanna lifted their price target on shares of Royal Caribbean Cruises from $350.00 to $372.00 and gave the company a “positive” rating in a research report on Wednesday, July 29th. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $361.00 to $388.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Truist Financial reduced their price target on Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating on the stock in a research report on Friday, May 22nd. 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 stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $353.40.

Royal Caribbean Cruises Stock Up 0.6%

RCL stock opened at $327.66 on Thursday. Royal Caribbean Cruises Ltd. has a 52 week low of $232.10 and a 52 week high of $366.50. The business has a 50-day simple moving average of $299.38 and a 200 day simple moving average of $290.64. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 2.03. The company has a market cap of $87.63 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.77.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.82 billion. During the same period in the prior year, the company posted $4.38 earnings per share. The business’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 anticipate that Royal Caribbean Cruises Ltd. will post 17.79 EPS for the current fiscal year.

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.