Swedbank AB acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 42,569 shares of the company's stock, valued at approximately $9,486,000. Swedbank AB owned approximately 0.11% of Vail Resorts at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Vail Resorts by 3.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,200 shares of the company's stock valued at $897,000 after purchasing an additional 142 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Vail Resorts by 2.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 15,852 shares of the company's stock valued at $3,459,000 after acquiring an additional 421 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Vail Resorts by 14,502.1% in the 4th quarter. International Assets Investment Management LLC now owns 48,041 shares of the company's stock valued at $10,255,000 after acquiring an additional 47,712 shares during the last quarter. Park Place Capital Corp boosted its holdings in shares of Vail Resorts by 531.6% in the 4th quarter. Park Place Capital Corp now owns 120 shares of the company's stock valued at $26,000 after acquiring an additional 101 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Vail Resorts by 86.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 17,010 shares of the company's stock valued at $3,665,000 after acquiring an additional 7,901 shares during the last quarter. Institutional investors own 94.94% of the company's stock.
Vail Resorts Price Performance
Shares of NYSE MTN traded down $1.86 during mid-day trading on Friday, reaching $174.70. The company's stock had a trading volume of 303,987 shares, compared to its average volume of 410,533. The stock has a 50-day moving average of $180.79 and a two-hundred day moving average of $204.55. The stock has a market capitalization of $6.57 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.09 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. Vail Resorts, Inc. has a 1-year low of $165.14 and a 1-year high of $254.78.
Vail Resorts (NYSE:MTN - Get Free Report) last issued its earnings results on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing analysts' consensus estimates of $9.94 by ($0.40). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. On average, equities research analysts anticipate that Vail Resorts, Inc. will post 6.48 EPS for the current fiscal year.
Vail Resorts Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts's dividend payout ratio (DPR) is 120.82%.
Analyst Ratings Changes
MTN has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of Vail Resorts from $229.00 to $179.00 and set an "equal weight" rating for the company in a research note on Friday, June 7th. JPMorgan Chase & Co. cut shares of Vail Resorts from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $217.00 to $176.00 in a research note on Friday, June 7th. Barclays decreased their target price on shares of Vail Resorts from $201.00 to $161.00 and set an "underweight" rating for the company in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $244.00 to $226.00 in a research note on Thursday, June 6th. Finally, Mizuho reduced their price objective on shares of Vail Resorts from $256.00 to $231.00 and set a "buy" rating for the company in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $221.50.
Check Out Our Latest Analysis on Vail Resorts
Insider Activity
In other news, CFO Angela A. Korch acquired 575 shares of the company's stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $176.20 per share, with a total value of $101,315.00. Following the completion of the acquisition, the chief financial officer now owns 1,171 shares of the company's stock, valued at approximately $206,330.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.
About Vail Resorts
(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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