NewEdge Wealth LLC Makes New Investment in Royal Caribbean Cruises Ltd. $RCL

NewEdge Wealth LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, HoldingsChannel reports. The firm purchased 7,903 shares of the company’s stock, valued at approximately $2,510,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $6,549,422,000. Capital International Investors lifted its position in Royal Caribbean Cruises by 9.8% in the fourth quarter. Capital International Investors now owns 36,165,358 shares of the company’s stock worth $10,088,156,000 after purchasing an additional 3,215,382 shares during the period. Norges Bank bought a new position in Royal Caribbean Cruises during the 4th quarter valued at $456,752,000. Bank of New York Mellon Corp bought a new position in Royal Caribbean Cruises during the 2nd quarter valued at $381,271,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Royal Caribbean Cruises by 25,747.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,202,161 shares of the company’s stock valued at $335,307,000 after purchasing an additional 1,197,510 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Trading Down 4.4%

Shares of NYSE:RCL opened at $287.35 on Friday. 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 market capitalization of $76.85 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.03 and a beta of 1.77. Royal Caribbean Cruises Ltd. has a 1-year low of $232.10 and a 1-year high of $366.50. The company has a 50 day moving average price of $304.45 and a 200 day moving average price of $291.73.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share (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 company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the prior year, the company earned $4.38 earnings per share. The firm’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. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current fiscal year.

Insider Activity

In related 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 transaction, the chief executive officer directly owned 45,297 shares in the company, 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 SEC, which is available through this link. 6.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Freedom Capital downgraded Royal Caribbean Cruises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Mizuho set a $380.00 target price on Royal Caribbean Cruises in a research note on Friday, May 1st. Zacks Research raised Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a report on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Royal Caribbean Cruises in a report on Thursday, June 18th. Finally, TD Cowen dropped 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 report on Friday, May 15th. One equities research 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. According to data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $353.40.

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.