Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Bank of Montreal Can
Bank of Montreal Can cut its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 24.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,781 shares of the company’s stock after selling 42,678 shares during the period. Bank of Montreal Can’s holdings in Vail Resorts were worth $26,729,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Capstone Asset Management Co. boosted its position 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. Xact Kapitalforvaltning AB bought a new position in shares of Vail Resorts during the second quarter valued at $658,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Vail Resorts during the second quarter valued at $162,000. Bank of Nova Scotia bought a new position in shares of Vail Resorts during the first quarter valued at $8,030,000. Finally, Covington Capital Management boosted its position 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 own 97.98% of the company’s stock.
Vail Resorts, Inc. (NYSE:MTN) opened at 203.78 on Monday. Vail Resorts, Inc. has a 12-month low of $140.74 and a 12-month high of $215.82. The company’s 50-day moving average price is $206.91 and its 200-day moving average price is $186.61. The company has a market cap of $8.17 billion, a PE ratio of 39.66 and a beta of 0.55.
Vail Resorts (NYSE:MTN) last issued 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 return on equity of 14.99% and a net margin of 10.78%. The firm had revenue of $794.60 million during the quarter, compared to the consensus estimate of $802.59 million. During the same period in the previous year, the company posted $4.23 earnings per share. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. Equities analysts anticipate that Vail Resorts, Inc. will post $4.84 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Wednesday, June 28th were given a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Monday, June 26th. Vail Resorts’s payout ratio is 92.94%.
Several brokerages have recently weighed in on MTN. BidaskClub cut Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Janney Montgomery Scott raised their price objective on Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a report on Monday, June 12th. Wells Fargo & Company restated an “outperform” rating and issued a $233.00 price objective (up previously from $207.50) on shares of Vail Resorts in a report on Sunday, June 11th. Barclays PLC restated an “overweight” rating and issued a $226.00 price objective on shares of Vail Resorts in a report on Sunday, June 11th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $229.00 price objective (up previously from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $211.11.
About Vail Resorts
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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