Raymond James & Associates increased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 19.6% in the 4th quarter, HoldingsChannel reports. The fund owned 47,723 shares of the company’s stock after buying an additional 7,814 shares during the quarter. Raymond James & Associates’ holdings in Vail Resorts were worth $10,141,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of Vail Resorts during the fourth quarter worth $114,000. CENTRAL TRUST Co raised its holdings in shares of Vail Resorts by 3,147.1% during the fourth quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock worth $117,000 after acquiring an additional 535 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Vail Resorts by 579.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock worth $121,000 after acquiring an additional 487 shares in the last quarter. Aviance Capital Management LLC purchased a new stake in shares of Vail Resorts during the fourth quarter worth $138,000. Finally, American International Group Inc. purchased a new stake in shares of Vail Resorts during the fourth quarter worth $200,000. Institutional investors and hedge funds own 95.74% of the company’s stock.
In other Vail Resorts news, SVP Ryan H. Siurek sold 322 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $221.25, for a total transaction of $71,242.50. Following the transaction, the senior vice president now directly owns 520 shares in the company, valued at $115,050. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael Z. Barkin sold 2,695 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total value of $599,502.75. Following the transaction, the chief financial officer now owns 18,058 shares in the company, valued at $4,017,002.10. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, March 8th. The company reported $4.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.55 by $0.57. Vail Resorts had a return on equity of 13.17% and a net margin of 16.91%. The company had revenue of $734.58 million for the quarter, compared to analyst estimates of $716.72 million. During the same period last year, the company earned $3.63 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. equities research analysts anticipate that Vail Resorts, Inc. will post 8.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Tuesday, March 27th will be issued a dividend of $1.47 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.05. This represents a $5.88 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Monday, March 26th. Vail Resorts’s dividend payout ratio (DPR) is 53.09%.
Several analysts recently issued reports on MTN shares. Zacks Investment Research lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Deutsche Bank started coverage on Vail Resorts in a report on Wednesday, December 13th. They set a “buy” rating and a $265.00 price objective for the company. MKM Partners cut their price objective on Vail Resorts to $252.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Finally, Stifel Nicolaus increased their price objective on Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $250.67.
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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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