AE Wealth Management LLC has acquired a new stake in Vail Resorts, Inc. (NYSE: MTN – Get a rating) in the 1st trimester, HoldingsChannel.com reports. The company purchased 2,513 shares of the company, valued at approximately $654,000.
Several other institutional investors and hedge funds have also recently changed their holdings in the company. Accretive Wealth Partners LLC increased its stake in shares of Vail Resorts by 1.0% in the 4th quarter. Accretive Wealth Partners LLC now owns 4,226 shares of the company valued at $1,386,000 after purchasing 40 additional shares during the period. Westpac Banking Corp increased its stake in shares of Vail Resorts by 1.3% in the fourth quarter. Westpac Banking Corp now owns 3,307 shares of the company valued at $1,084,000 after purchasing 41 additional shares during the period. Gilbert & Cook Inc. increased its stake in shares of Vail Resorts by 5.3% in the 4th quarter. Gilbert & Cook Inc. now owns 913 shares of the company valued at $299,000 after purchasing an additional 46 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Vail Resorts by 5.5% in Q1. AdvisorNet Financial Inc now owns 965 shares of the company valued at $251,000 after purchasing an additional 50 shares during the period. Finally, Condor Capital Management increased its stake in the shares of Vail Resorts by 1.3% in the 4th quarter. Condor Capital Management now owns 3,946 shares of the company valued at $1,294,000 after purchasing 52 additional shares during the period.
Vail Resorts Inventory opened at $216.12 on Friday. Vail Resorts, Inc. has a 52 week minimum of $213.60 and a 52 week maximum of $376.24. The company’s 50-day moving average price is $237.23 and its two-hundred-day moving average price is $260.99. The company has a quick ratio of 2.11, a current ratio of 2.22 and a debt ratio of 1.30. The stock has a market capitalization of $8.70 billion, a P/E ratio of 28.07 and a beta of 1.21.
Vail Resorts (NYSE: MTN – Get a rating) last reported results on Thursday, June 9. The company reported EPS of $9.16 for the quarter, beating the consensus estimate of $9.06 by $0.10. Vail Resorts achieved a net margin of 12.82% and a return on equity of 17.18%. The company posted revenue of $1.18 billion for the quarter, compared with $1.16 billion for analysts. In the same quarter last year, the company achieved EPS of $6.71. The company’s quarterly revenue increased by 32.3% compared to the same quarter last year. On average, stock analysts expect Vail Resorts, Inc. to post an EPS of 8.4 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 12. Investors of record on Monday, June 27 will receive a dividend of $1.91. The ex-dividend date is Friday, June 24. This represents a dividend of $7.64 on an annualized basis and a dividend yield of 3.54%. Vail Resorts’ dividend payout ratio (DPR) is currently 99.22%.
Several brokerages have recently commented on MTN. Barclays assumed cover for Vail Resorts in a Tuesday, June 28 research note. They issued an “underweight” rating and a target price of $217.00 for the company. Credit Suisse Group raised its price target on Vail Resorts from $379.00 to $383.00 and gave the company an “outperform” rating in a Friday, June 10 research note. Stifel Nicolaus raised his price target on Vail Resorts from $262.00 to $274.00 and gave the company a “holding” rating in a Wednesday, March 23 research note. Deutsche Bank Aktiengesellschaft lowered its price target on Vail Resorts from $302.00 to $301.00 in a Friday, June 10 research note. Finally, KeyCorp reduced its price target on Vail Resorts from $370.00 to $330.00 and set an “overweight” rating for the company in a Tuesday, March 15 research note. One research analyst rated the stock with a sell rating, six issued a hold rating and two assigned the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $300.00.
Vail Resort Profile (Get a rating)
Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Accommodation and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in ancillary businesses, including ski school, catering and retail/rental business, as well as real estate brokerage business.
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