CIBC Asset Management Inc Has $16.90 Million Stock Position in Royal Caribbean Cruises Ltd. $RCL

CIBC Asset Management Inc grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 72.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 60,573 shares of the company’s stock after purchasing an additional 25,491 shares during the period. CIBC Asset Management Inc’s holdings in Royal Caribbean Cruises were worth $16,895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $456,752,000. Nordea Investment Management AB raised its stake in shares of Royal Caribbean Cruises by 135.0% during the 4th quarter. Nordea Investment Management AB now owns 1,306,784 shares of the company’s stock valued at $366,925,000 after purchasing an additional 750,723 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Royal Caribbean Cruises by 163.7% in the third quarter. Ameriprise Financial Inc. now owns 1,101,544 shares of the company’s stock worth $356,515,000 after buying an additional 683,896 shares in the last quarter. TD Asset Management Inc lifted its stake in Royal Caribbean Cruises by 560.9% in the 3rd quarter. TD Asset Management Inc now owns 676,645 shares of the company’s stock worth $218,949,000 after purchasing an additional 574,256 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 1.6% in the third quarter. Vanguard Group Inc. now owns 30,066,167 shares of the company’s stock worth $9,728,810,000 after buying an additional 461,990 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

RCL opened at $293.95 on Friday. The stock has a 50-day moving average price of $271.01 and a 200-day moving average price of $283.15. The firm has a market cap of $78.84 billion, a PE ratio of 17.93, a P/E/G ratio of 1.00 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 debt-to-equity ratio of 1.96, a current ratio of 0.20 and a quick ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, April 30th. The company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.40. Royal Caribbean Cruises had a net margin of 24.36% and a return on equity of 45.25%. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the firm earned $2.71 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Royal Caribbean Cruises has set its Q2 2026 guidance at 3.830-3.930 EPS and its FY 2026 guidance at 17.100-17.500 EPS. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 17.27 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, June 3rd. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 36.61%.

Analyst Ratings Changes

A number of brokerages recently weighed in on RCL. Deutsche Bank Aktiengesellschaft set a $296.00 target price on shares of Royal Caribbean Cruises in a research note on Friday, May 1st. JPMorgan Chase & Co. reduced their price target on Royal Caribbean Cruises from $376.00 to $341.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Zacks Research lowered shares of Royal Caribbean Cruises from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, March 25th. Finally, TD Cowen decreased their price target on shares of 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. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $344.79.

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.