Bank of Montreal Can Invests $15,623,000 in Vail Resorts Inc. (MTN)
Bank of Montreal Can bought a new stake in shares of Vail Resorts Inc. (NYSE:MTN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 113,023 shares of the company’s stock, valued at approximately $15,623,000. Bank of Montreal Can owned 0.31% of Vail Resorts at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its stake in Vail Resorts by 21.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,124,215 shares of the company’s stock valued at $150,308,000 after buying an additional 197,652 shares during the last quarter. State Street Corp raised its stake in Vail Resorts by 3.1% in the first quarter. State Street Corp now owns 672,314 shares of the company’s stock valued at $89,889,000 after buying an additional 20,470 shares during the last quarter. Norges Bank acquired a new stake in Vail Resorts during the fourth quarter valued at $48,741,000. Geode Capital Management LLC raised its stake in Vail Resorts by 4.3% in the first quarter. Geode Capital Management LLC now owns 237,746 shares of the company’s stock valued at $31,786,000 after buying an additional 9,875 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in Vail Resorts by 6.0% in the first quarter. Teachers Advisors Inc. now owns 223,079 shares of the company’s stock valued at $29,826,000 after buying an additional 12,617 shares during the last quarter. Hedge funds and other institutional investors own 98.48% of the company’s stock.
Shares of Vail Resorts Inc. (NYSE:MTN) traded down 0.08% during midday trading on Friday, reaching $156.88. 386,250 shares of the company’s stock traded hands. Vail Resorts Inc. has a 52-week low of $103.18 and a 52-week high of $162.95. The firm has a market capitalization of $5.68 billion, a P/E ratio of 39.12 and a beta of 0.70. The stock’s 50 day moving average price is $159.00 and its 200 day moving average price is $141.09.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.67) by $0.13. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The company had revenue of $179.88 million for the quarter. During the same period in the prior year, the company earned ($1.92) EPS. Vail Resorts’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Vail Resorts Inc. will post $5.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $3.24 annualized dividend and a yield of 2.07%. Vail Resorts’s dividend payout ratio is currently 82.23%.
Several brokerages have recently issued reports on MTN. Bank of America Corp. reissued a “buy” rating on shares of Vail Resorts in a report on Friday, June 10th. KeyCorp boosted their price target on shares of Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, August 23rd. Zacks Investment Research downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Janney Montgomery Scott reissued a “buy” rating and set a $170.00 price target on shares of Vail Resorts in a report on Tuesday. Finally, MKM Partners boosted their price target on shares of Vail Resorts from $147.00 to $150.00 and gave the company a “buy” rating in a report on Friday, June 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Vail Resorts presently has a consensus rating of “Buy” and an average price target of $153.76.
In other Vail Resorts news, Director John F. Sorte sold 4,688 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $155.94, for a total transaction of $731,046.72. Following the completion of the transaction, the director now directly owns 63,147 shares in the company, valued at $9,847,143.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.90% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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