Baird reduces Royal Caribbean stake during second quarter
The investment firm retained 5,185 shares as Royal Caribbean reported quarterly earnings and revenue above analyst expectations.
Baird Financial Group Inc. cut its stake in Royal Caribbean Cruises Ltd. by 55.7% in the second quarter, according to its most recent 13F filing. The firm sold 6,511 shares and retained 5,185 shares. Its remaining Royal Caribbean holdings were valued at $1,646,000 in its most recent SEC filing.
Institutional investors currently own 87.53% of Royal Caribbean stock, the report stated. Analyst-tracking data showed the company had a consensus rating of Moderate Buy and an average target price of $353.40.
Royal Caribbean reported quarterly earnings of $4.21 per share, exceeding the analyst consensus estimate of $3.98 by $0.23. Quarterly revenue was $4.83 billion, compared with analyst expectations of $4.82 billion.
The company set fiscal 2026 earnings guidance at 17.730 to 17.870 per share and third-quarter 2026 guidance at 6.260 to 6.360 per share. Royal Caribbean also disclosed a quarterly dividend of $1.50, payable Thursday, October 8th, to investors of record on Thursday, September 17th.
