Sumitomo Mitsui Asset Management Company LTD Purchases New Position in Vail Resorts, Inc. (MTN)
Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,757 shares of the company’s stock, valued at approximately $559,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Vail Resorts during the second quarter worth approximately $162,000. Granite Investment Partners LLC purchased a new position in shares of Vail Resorts during the first quarter worth approximately $211,000. Vident Investment Advisory LLC purchased a new position in shares of Vail Resorts during the first quarter worth approximately $211,000. LS Investment Advisors LLC purchased a new position in shares of Vail Resorts during the second quarter worth approximately $219,000. Finally, Creative Planning boosted its position in shares of Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock worth $228,000 after buying an additional 354 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE MTN) opened at 212.72 on Thursday. Vail Resorts, Inc. has a 12-month low of $151.60 and a 12-month high of $215.94. The firm has a market capitalization of $8.53 billion, a P/E ratio of 41.40 and a beta of 0.55. The company has a 50-day moving average price of $207.50 and a 200-day moving average price of $195.44.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, June 8th. The company reported $4.40 EPS for the quarter, missing the consensus estimate of $4.86 by $0.46. The firm had revenue of $794.60 million for the quarter, compared to the consensus estimate of $802.59 million. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The business’s revenue was up 22.7% on a year-over-year basis. During the same period last year, the company posted $4.23 earnings per share. 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. Stockholders of record on Wednesday, June 28th were paid a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Monday, June 26th. Vail Resorts’s dividend payout ratio (DPR) is 92.94%.
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A number of research analysts have recently commented on the company. BidaskClub cut Vail Resorts from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Bank of America Corporation reiterated a “buy” rating and issued a $228.00 price target (up from $205.00) on shares of Vail Resorts in a research note on Friday, June 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $229.00 price target (up from $205.00) on shares of Vail Resorts in a research note on Sunday, June 11th. William Blair assumed coverage on Vail Resorts in a research note on Friday, July 21st. They issued an “outperform” rating for the company. Finally, Janney Montgomery Scott increased their price target on Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, June 12th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Vail Resorts currently has an average 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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