Vail Resorts Inc. (NYSE:MTN) shares rose 2.7% during trading on Wednesday . The company traded as high as $156.49 and last traded at $156.26, with a volume of 332,908 shares trading hands. The stock had previously closed at $152.11.

MTN has been the subject of a number of research analyst reports. Janney Montgomery Scott reaffirmed a “buy” rating and set a $150.00 price objective (up previously from $147.00) on shares of Vail Resorts in a research report on Saturday, April 16th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Vail Resorts in a research report on Sunday, April 17th. MKM Partners reaffirmed a “buy” rating and set a $147.00 price objective on shares of Vail Resorts in a research report on Wednesday, June 1st. Bank of America Corp. reaffirmed a “buy” rating on shares of Vail Resorts in a research report on Friday, June 10th. Finally, Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $144.24.

The firm has a 50 day moving average of $143.05 and a 200-day moving average of $132.58. The stock has a market capitalization of $5.63 billion and a P/E ratio of 40.14.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 9th. The company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.03. The firm earned $647.47 million during the quarter, compared to the consensus estimate of $652.41 million. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $3.56 EPS. On average, equities research analysts forecast that Vail Resorts Inc. will post $4.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Stockholders of record on Tuesday, June 28th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, June 24th.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP increased its position in shares of Vail Resorts by 12.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 802,322 shares of the company’s stock worth $102,689,000 after buying an additional 90,826 shares during the period. New York State Common Retirement Fund increased its stake in shares of Vail Resorts by 5.2% in the fourth quarter. New York State Common Retirement Fund now owns 42,304 shares of the company’s stock valued at $5,414,000 after buying an additional 2,100 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Vail Resorts by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 2,492,694 shares of the company’s stock valued at $319,039,000 after buying an additional 71,357 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of Vail Resorts by 84.1% in the fourth quarter. BlackRock Advisors LLC now owns 139,230 shares of the company’s stock valued at $17,820,000 after buying an additional 63,592 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Vail Resorts by 14.9% in the fourth quarter. Principal Financial Group Inc. now owns 279,481 shares of the company’s stock valued at $35,771,000 after buying an additional 36,276 shares during the last quarter.

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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