Westpac Banking Corp reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) by 83.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,381 shares of the company’s stock after selling 17,362 shares during the period. Westpac Banking Corp’s holdings in Vail Resorts were worth $790,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Jump Financial LLC bought a new position in Vail Resorts during the first quarter valued at about $267,000. Quantinno Capital Management LP raised its holdings in Vail Resorts by 5.3% during the first quarter. Quantinno Capital Management LP now owns 3,019 shares of the company’s stock valued at $705,000 after buying an additional 151 shares in the last quarter. Nkcfo LLC bought a new position in Vail Resorts during the first quarter valued at about $584,000. Victory Capital Management Inc. raised its holdings in Vail Resorts by 428.7% during the first quarter. Victory Capital Management Inc. now owns 143,198 shares of the company’s stock valued at $33,463,000 after buying an additional 116,115 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Vail Resorts by 42.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,570 shares of the company’s stock valued at $367,000 after buying an additional 470 shares in the last quarter. 95.95% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on MTN shares. Truist Financial raised their target price on Vail Resorts from $262.00 to $263.00 in a report on Friday, June 9th. Credit Suisse Group lowered their price target on Vail Resorts from $333.00 to $321.00 in a research report on Friday, June 9th. TheStreet raised Vail Resorts from a “c+” rating to a “b-” rating in a research report on Tuesday, May 2nd. Barclays raised their price target on Vail Resorts from $222.00 to $223.00 in a research report on Friday, June 9th. Finally, Bank of America raised their price target on Vail Resorts from $250.00 to $285.00 in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $257.50.
Vail Resorts Stock Down 1.8 %
MTN stock opened at $232.13 on Thursday. Vail Resorts, Inc. has a twelve month low of $201.91 and a twelve month high of $269.50. The company has a market cap of $8.95 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 4.74 and a beta of 1.20. The business’s 50-day simple moving average is $244.86 and its 200 day simple moving average is $241.87. The company has a quick ratio of 1.40, a current ratio of 1.50 and a debt-to-equity ratio of 1.73.
Vail Resorts (NYSE:MTN – Get Free Report) last released its earnings results on Thursday, June 8th. The company reported $8.18 earnings per share for the quarter, missing analysts’ consensus estimates of $8.88 by ($0.70). Vail Resorts had a return on equity of 17.00% and a net margin of 9.98%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $9.16 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts anticipate that Vail Resorts, Inc. will post 6.74 earnings per share for the current year.
Vail Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Tuesday, June 27th were paid a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Monday, June 26th. Vail Resorts’s dividend payout ratio is 113.81%.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.
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