Wellington Management Reduces Royal Caribbean Stake
An SEC filing shows the investment manager sold 656,471 shares during the second quarter while retaining 701,928 shares.
Wellington Management Group LLP reduced its position in Royal Caribbean Cruises Ltd. by 48.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. After selling 656,471 shares, the firm held 701,928 shares, or about 0.26% of Royal Caribbean. The position was worth $222,883,000 at the end of the most recent quarter.
The report states that institutional investors own 87.53% of Royal Caribbean’s stock. The cruise company separately reported quarterly earnings of $4.21 per share, compared with a consensus estimate of $3.98. Revenue was $4.83 billion, against a consensus estimate of $4.82 billion, and increased 6.5% year over year.
Royal Caribbean set fiscal 2026 earnings-per-share guidance at 17.730-17.870 and third-quarter 2026 guidance at 6.260-6.360. In a separate transaction, Chief Executive Michael W. Bayley sold 12,811 shares at an average price of $315.99, for a total of $4,048,147.89.