Braun Stacey Associates Inc. lessened its position in Vail Resorts, Inc. (NYSE:MTN) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,352 shares of the company’s stock after selling 9,321 shares during the quarter. Braun Stacey Associates Inc. owned 0.15% of Vail Resorts worth $13,768,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Vail Resorts by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock valued at $634,095,000 after acquiring an additional 76,961 shares during the last quarter. BlackRock Inc. increased its stake in Vail Resorts by 17.0% in the second quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock valued at $419,502,000 after acquiring an additional 300,793 shares during the last quarter. State Street Corp increased its stake in Vail Resorts by 40.2% in the second quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after acquiring an additional 206,079 shares during the last quarter. Voya Investment Management LLC increased its stake in Vail Resorts by 13.3% in the second quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock valued at $103,478,000 after acquiring an additional 59,849 shares during the last quarter. Finally, Fred Alger Management Inc. grew its stake in shares of Vail Resorts by 12.4% during the second quarter. Fred Alger Management Inc. now owns 274,869 shares of the company’s stock valued at $55,752,000 after buying an additional 30,326 shares during the last quarter. 96.16% of the stock is currently owned by institutional investors and hedge funds.
MTN has been the topic of a number of recent research reports. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 price objective on the stock in a research note on Wednesday, October 25th. Barclays PLC increased their target price on shares of Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a report on Friday, September 29th. William Blair initiated coverage on shares of Vail Resorts in a report on Friday, July 21st. They set an “outperform” rating for the company. BidaskClub upgraded shares of Vail Resorts from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $260.00 target price (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Vail Resorts presently has a consensus rating of “Buy” and an average target price of $250.25.
Vail Resorts, Inc. (NYSE MTN) traded down $0.54 during mid-day trading on Friday, hitting $232.04. 192,500 shares of the stock traded hands, compared to its average volume of 325,552. Vail Resorts, Inc. has a 1 year low of $153.66 and a 1 year high of $237.77. The stock has a market capitalization of $9,307.62, a price-to-earnings ratio of 43.55 and a beta of 0.48. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 0.69.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. The company had revenue of $209.10 million during the quarter, compared to the consensus estimate of $210.92 million. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.80) earnings per share. analysts forecast that Vail Resorts, Inc. will post 6.2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 10th were given a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s dividend payout ratio (DPR) is currently 85.92%.
In other news, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the sale, the insider now owns 28,736 shares of the company’s stock, valued at approximately $6,391,173.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John F. Sorte sold 6,597 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $216.74, for a total transaction of $1,429,833.78. The disclosure for this sale can be found here. Insiders have sold 236,742 shares of company stock valued at $51,804,735 in the last three months. 3.30% of the stock is owned by insiders.
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Vail Resorts Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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