United Capital Financial Advisers LLC acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,106 shares of the company’s stock, valued at approximately $467,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in Vail Resorts by 3.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 39,253 shares of the company’s stock worth $8,340,000 after purchasing an additional 1,387 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Vail Resorts by 19.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,318 shares of the company’s stock worth $705,000 after purchasing an additional 542 shares during the period. Bank of New York Mellon Corp boosted its position in Vail Resorts by 7.3% during the 4th quarter. Bank of New York Mellon Corp now owns 258,662 shares of the company’s stock worth $54,957,000 after purchasing an additional 17,658 shares during the period. BlackRock Inc. boosted its position in Vail Resorts by 1.8% during the 4th quarter. BlackRock Inc. now owns 2,106,641 shares of the company’s stock worth $447,597,000 after purchasing an additional 36,357 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in Vail Resorts by 2.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 116,792 shares of the company’s stock worth $24,815,000 after purchasing an additional 3,336 shares during the period. 98.27% of the stock is owned by institutional investors.
A number of analysts recently weighed in on MTN shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $295.00 price target (up from $232.00) on shares of Vail Resorts in a research report on Monday, June 11th. They noted that the move was a valuation call. ValuEngine raised shares of Vail Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. Barclays upped their price target on shares of Vail Resorts from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 11th. KeyCorp upped their price target on shares of Vail Resorts from $250.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, June 8th. Finally, Deutsche Bank set a $297.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Friday, June 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $281.44.
Shares of Vail Resorts opened at $271.68 on Friday, Marketbeat reports. Vail Resorts, Inc. has a 12 month low of $197.48 and a 12 month high of $288.83. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 52.05 and a beta of 0.45.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, June 7th. The company reported $6.17 EPS for the quarter, topping analysts’ consensus estimates of $6.12 by $0.05. Vail Resorts had a net margin of 20.23% and a return on equity of 15.91%. The firm had revenue of $844.50 million for the quarter, compared to analyst estimates of $823.83 million. During the same quarter in the previous year, the business posted $4.40 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. sell-side analysts forecast that Vail Resorts, Inc. will post 9.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Wednesday, June 27th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 26th. This represents a $5.88 dividend on an annualized basis and a yield of 2.16%. Vail Resorts’s dividend payout ratio is currently 112.64%.
In other Vail Resorts news, insider Patricia A. Campbell sold 8,821 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $277.06, for a total value of $2,443,946.26. Following the transaction, the insider now owns 19,431 shares in the company, valued at approximately $5,383,552.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Z. Barkin sold 2,206 shares of the company’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $275.10, for a total transaction of $606,870.60. Following the completion of the sale, the chief financial officer now owns 13,714 shares in the company, valued at approximately $3,772,721.40. The disclosure for this sale can be found here. Insiders sold a total of 58,189 shares of company stock worth $15,912,143 in the last quarter. 3.30% of the stock is currently owned by company insiders.
Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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