Pictet Asset Management Ltd. raised its holdings in Vail Resorts, Inc. (NYSE:MTN) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,200 shares of the company’s stock after purchasing an additional 600 shares during the period. Pictet Asset Management Ltd.’s holdings in Vail Resorts were worth $3,467,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank purchased a new stake in shares of Vail Resorts in the second quarter valued at about $100,000. Commonwealth Bank of Australia lifted its holdings in shares of Vail Resorts by 284.5% in the second quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock valued at $100,000 after purchasing an additional 367 shares in the last quarter. Strs Ohio purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $105,000. SG Americas Securities LLC purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $117,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $162,000. 94.85% of the stock is currently owned by institutional investors.
MTN has been the topic of several recent analyst reports. Zacks Investment Research raised shares of 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 upped their price objective on shares of Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research note on Friday, September 29th. William Blair initiated coverage on shares of Vail Resorts in a research note on Friday, July 21st. They set an “outperform” rating on the stock. BidaskClub raised shares of Vail Resorts from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $260.00 price objective (up previously from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Eight 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. (MTN) opened at $232.04 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.58 and a current ratio of 0.72. The firm has a market cap of $9,286.01, a P/E ratio of 43.45 and a beta of 0.48. Vail Resorts, Inc. has a one year low of $153.66 and a one year high of $237.77.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.81) by $0.38. The company had revenue of $209.10 million for 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%. Vail Resorts’s revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted ($1.80) earnings per share. equities analysts expect that Vail Resorts, Inc. will post 6.2 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th were paid a dividend of $1.053 per share. This represents a $4.21 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Friday, October 6th. Vail Resorts’s dividend payout ratio is currently 85.92%.
In other news, insider Patricia A. Campbell sold 5,515 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total value 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 $6,391,173.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert A. Katz sold 115,900 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $218.73, for a total transaction of $25,350,807.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 236,742 shares of company stock worth $51,804,735. 3.30% of the stock is currently owned by insiders.
Vail Resorts Company 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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