Bank of America reports Royal Caribbean stake as cruise line issues guidance
Royal Caribbean Cruises also posted quarterly earnings and revenue, disclosed a dividend and recorded a share sale by CEO Michael Bayley.
Bank of America Corp DE purchased 1,011,972 shares of Royal Caribbean Cruises stock valued at approximately $321,332,000, its most recent filing with the Securities and Exchange Commission showed. The institutional investor owned about 0.38% of the cruise company. Institutional investors hold 87.53% of the stock.
Royal Caribbean reported earnings of $4.21 per share for the quarter, surpassing the consensus estimate of $3.98 by $0.23. Quarterly revenue was $4.83 billion, compared with analyst estimates of $4.82 billion.
The company set FY 2026 guidance at 17.730-17.870 EPS and Q3 2026 guidance at 6.260-6.360 EPS. It also disclosed a $1.50 quarterly dividend payable on Thursday, October 8th, to investors of record on Thursday, September 17th.
CEO Michael Bayley sold 12,811 shares on Wednesday, July 29th, at an average price of $315.99. The transaction totaled $4,048,147.89.
