Northwestern Mutual Wealth Management acquires Royal Caribbean shares
An SEC filing shows the institutional investor bought 12,126 shares during the second quarter, valued at approximately $3,851,000.
Northwestern Mutual Wealth Management Co. acquired 12,126 shares of Royal Caribbean Cruises Ltd. in the second quarter, according to its Form 13F filing with the Securities and Exchange Commission. The position was valued at approximately $3,851,000.
The report states that institutional investors and hedge funds own 87.53% of Royal Caribbean stock.
Royal Caribbean reported quarterly earnings of $4.21 per share and revenue of $4.83 billion. The company said quarterly revenue increased 6.5% year over year.
The cruise operator set fiscal 2026 earnings guidance at 17.730 to 17.870 per share. It also established third-quarter 2026 earnings guidance at 6.260 to 6.360 per share.
Chief Executive Officer Michael W. Bayley sold 12,811 Royal Caribbean shares at an average price of $315.99. The transaction had a total value of $4,048,147.89.
