FineMark National Bank & Trust raised its stake in Vail Resorts, Inc. (NYSE:MTN) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,225 shares of the company’s stock after buying an additional 25 shares during the period. FineMark National Bank & Trust’s holdings in Vail Resorts were worth $248,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Vail Resorts by 40.4% in the first quarter. JPMorgan Chase & Co. now owns 441,645 shares of the company’s stock valued at $84,751,000 after buying an additional 126,977 shares during the last quarter. Morgan Stanley increased its position in Vail Resorts by 127.4% in the first quarter. Morgan Stanley now owns 108,825 shares of the company’s stock valued at $20,884,000 after buying an additional 60,960 shares during the last quarter. Creative Planning increased its stake in shares of Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock valued at $228,000 after buying an additional 354 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Vail Resorts by 375.5% in the second quarter. Capstone Asset Management Co. now owns 6,994 shares of the company’s stock valued at $1,419,000 after buying an additional 5,523 shares during the last quarter. Finally, Covington Capital Management increased its stake in shares of Vail Resorts by 10.9% in the first quarter. Covington Capital Management now owns 5,598 shares of the company’s stock valued at $1,074,000 after buying an additional 550 shares during the last quarter. Institutional investors and hedge funds own 97.95% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE MTN) opened at 213.67 on Friday. Vail Resorts, Inc. has a one year low of $151.60 and a one year high of $215.94. The company’s 50-day moving average is $207.63 and its 200-day moving average is $195.89. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 41.59 and a beta of 0.55.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.86 by $0.46. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The firm had revenue of $794.60 million during the quarter, compared to analysts’ expectations of $802.59 million. During the same period in the prior year, the company posted $4.23 EPS. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, equities analysts predict that Vail Resorts, Inc. will post $4.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Wednesday, June 28th were issued a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, June 26th. Vail Resorts’s dividend payout ratio is currently 92.94%.
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Several analysts have recently commented on MTN shares. BidaskClub downgraded shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Janney Montgomery Scott raised their target price on shares of Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, June 12th. Bank of America Corporation reaffirmed a “buy” rating and set a $228.00 target price (up from $205.00) on shares of Vail Resorts in a research note on Friday, June 9th. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $224.00 target price for the company in a research note on Tuesday, May 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $229.00 price objective (up from $205.00) on shares of Vail Resorts in a research note on Sunday, June 11th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $211.11.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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