Kovitz Investment Group Partners LLC acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,797 shares of the company's stock, valued at approximately $288,000.
Several other large investors also recently bought and sold shares of MTN. Mariner LLC grew its stake in Vail Resorts by 30.3% during the 4th quarter. Mariner LLC now owns 2,979 shares of the company's stock valued at $558,000 after acquiring an additional 693 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Vail Resorts during the 4th quarter valued at about $94,000. GeoWealth Management LLC grew its stake in Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Vail Resorts by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 464,366 shares of the company's stock valued at $87,050,000 after acquiring an additional 22,699 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Vail Resorts by 7.7% during the 4th quarter. MetLife Investment Management LLC now owns 22,504 shares of the company's stock valued at $4,218,000 after acquiring an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.
Analysts Set New Price Targets
MTN has been the subject of several research reports. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective for the company in a research note on Wednesday, May 28th. UBS Group dropped their price target on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Finally, Bank of America increased their price target on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $187.20.
Check Out Our Latest Analysis on MTN
Insider Transactions at Vail Resorts
In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of Vail Resorts stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.
Vail Resorts Stock Performance
Shares of MTN stock opened at $162.6880 on Friday. The firm's 50 day moving average price is $157.26 and its 200-day moving average price is $154.18. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The firm has a market cap of $6.04 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.94 and a beta of 0.90.
Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $9.54 EPS. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.
Vail Resorts Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a yield of 5.5%. Vail Resorts's dividend payout ratio is 113.55%.
Vail Resorts Profile
(
Free Report)
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.
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