Capital International boosted its RCL stake to 1.5%, as the cruise company posted strong earnings, raised its dividend, and launched a $2.6B buyback.

Capital International Inc. increased its stake in Royal Caribbean Cruises Ltd. (RCL) by 1.5% in Q3, making it the company’s ninth-largest shareholder with a $190 million holding. RCL reported strong Q4 earnings of $2.80 EPS and $4.26 billion in revenue, a 13.2% year-over-year rise, with a 45.06% return on equity. Analysts maintain a "Moderate Buy" consensus with a $348.29 average price target. The company raised its dividend to $6.00 annually and authorized a $2.6 billion share buyback. Despite recent insider sales by executives, including a 29.35% reduction by the CEO, RCL’s stock trades at $326.21 with a market cap of $78.71 billion.