Corient Reduces Royal Caribbean Stake During Second Quarter
The wealth manager sold 31,912 shares and ended the period with 21,681 shares valued at $6,885,000.
Corient Private Wealth LP reduced its position in Royal Caribbean Cruises Ltd. by 59.5% during the second quarter. After selling 31,912 shares during the period, the firm owned 21,681 shares. The holding was worth $6,885,000 at the end of the most recent quarter.
Royal Caribbean reported earnings per share of $4.21 for the quarter, surpassing 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 cruise company set its fiscal-year 2026 earnings guidance at 17.730-17.870 per share. It also established third-quarter 2026 earnings guidance at 6.260-6.360 per share.
Royal Caribbean separately disclosed a quarterly dividend of $1.50. The company said the payment would be made to eligible investors of record.
