Vail Resorts, Inc. $MTN Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB grew its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 19,217.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,602 shares of the company’s stock after purchasing an additional 5,573 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Vail Resorts were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MTN. BOKF NA boosted its position in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares during the period. Golden State Wealth Management LLC raised its holdings in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. Danske Bank A S purchased a new position in shares of Vail Resorts during the 3rd quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a research report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Finally, Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $151.45.

Vail Resorts Trading Up 0.8%

Shares of MTN stock opened at $150.85 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $165.50. The firm’s 50 day moving average price is $142.26 and its two-hundred day moving average price is $135.77. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 9.87 and a beta of 0.70.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $10.54 EPS. Vail Resorts’s revenue was down 7.0% on a year-over-year basis. On average, analysts anticipate that Vail Resorts, Inc. will post 4.31 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.9%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s dividend payout ratio is currently 201.82%.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.