Concord Investment Counsel Adds Royal Caribbean Stake
The institutional investor purchased 20,222 shares during the second quarter, according to a regulatory filing.
Concord Investment Counsel Inc. acquired a new stake in Royal Caribbean Cruises Ltd. during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,222 shares valued at approximately $6,421,000.
Royal Caribbean represented approximately 1.8% of the firm’s investment portfolio and ranked as its 21st-largest holding. The report stated that institutional investors owned 87.53% of Royal Caribbean stock.
Royal Caribbean reported quarterly earnings of $4.21 per share and revenue of $4.83 billion. The report stated that revenue increased 6.5% from the same period a year earlier. The cruise 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.
The company had a consensus rating of Moderate Buy and an average target price of $353.40. Separately, CEO Michael W. Bayley sold 12,811 Royal Caribbean shares at an average price of $315.99, giving the transaction a total value of $4,048,147.89.
