Baskin Financial Services Inc. increased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,537 shares of the company’s stock after acquiring an additional 236 shares during the period. Vail Resorts makes up 2.3% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 22nd largest holding. Baskin Financial Services Inc. owned about 0.13% of Vail Resorts worth $11,757,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Vail Resorts by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock worth $634,095,000 after acquiring an additional 76,961 shares in the last quarter. BlackRock Inc. boosted its stake in Vail Resorts by 17.0% during the second quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock worth $419,502,000 after acquiring an additional 300,793 shares in the last quarter. State Street Corp boosted its stake in Vail Resorts by 40.2% during the second quarter. State Street Corp now owns 718,192 shares of the company’s stock worth $145,687,000 after acquiring an additional 206,079 shares in the last quarter. Voya Investment Management LLC boosted its stake in Vail Resorts by 13.3% during the second quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock worth $103,478,000 after acquiring an additional 59,849 shares in the last quarter. Finally, Fred Alger Management Inc. boosted its stake in Vail Resorts by 12.4% during the second quarter. Fred Alger Management Inc. now owns 274,869 shares of the company’s stock worth $55,752,000 after acquiring an additional 30,326 shares in the last quarter. 96.45% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Robert A. Katz sold 115,900 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $218.73, for a total value of $25,350,807.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Z. Barkin sold 7,953 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total transaction of $1,722,222.15. The disclosure for this sale can be found here. Insiders sold a total of 236,742 shares of company stock valued at $51,804,735 over the last ninety days. 3.30% of the stock is currently owned by insiders.
Shares of Vail Resorts, Inc. (MTN) traded down 0.77% on Monday, reaching $225.56. 76,170 shares of the company’s stock traded hands. The company has a market cap of $9.04 billion, a PE ratio of 43.21 and a beta of 0.50. The stock has a 50-day moving average price of $224.43 and a 200-day moving average price of $211.91. Vail Resorts, Inc. has a 12-month low of $153.66 and a 12-month high of $232.71.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. The firm had revenue of $209.10 million during the quarter, compared to analyst estimates of $210.92 million. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. Vail Resorts’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the firm posted ($1.80) EPS. Equities research analysts anticipate that Vail Resorts, Inc. will post $6.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 10th were given a $1.053 dividend. This represents a $4.21 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s payout ratio is currently 85.92%.
Several equities research analysts recently commented on the stock. MKM Partners reissued a “buy” rating and set a $266.00 price objective (up previously from $264.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 target price for the company in a report on Wednesday, October 25th. Barclays PLC lifted their target price on shares of Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a report on Friday, September 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $232.00 target price (up from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $260.00 target price (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $247.50.
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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