Russell Investments Group Ltd. lowered its position in shares of Vail Resorts, Inc. (NYSE:MTN – Get Rating) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,479 shares of the company’s stock after selling 3,365 shares during the period. Russell Investments Group Ltd.’s holdings in Vail Resorts were worth $3,211,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in MTN. Spire Wealth Management grew its position in Vail Resorts by 110.1% in the 4th quarter. Spire Wealth Management now owns 229 shares of the company’s stock worth $55,000 after purchasing an additional 120 shares during the period. Guardian Wealth Advisors LLC purchased a new position in shares of Vail Resorts during the 3rd quarter worth $67,000. Covestor Ltd boosted its stake in shares of Vail Resorts by 700.0% during the 1st quarter. Covestor Ltd now owns 280 shares of the company’s stock worth $73,000 after acquiring an additional 245 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in shares of Vail Resorts during the 4th quarter worth $86,000. Finally, Richard W. Paul & Associates LLC purchased a new position in shares of Vail Resorts during the 4th quarter worth $101,000. Institutional investors own 94.12% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Vail Resorts from $232.00 to $222.00 and set an “underweight” rating on the stock in a research note on Friday, March 10th. Bank of America lowered their target price on shares of Vail Resorts from $275.00 to $250.00 in a research note on Friday, March 10th. JPMorgan Chase & Co. lowered their target price on shares of Vail Resorts from $262.00 to $231.00 and set a “neutral” rating on the stock in a research note on Friday, March 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $289.00 to $269.00 in a research note on Friday, March 10th. Finally, StockNews.com began coverage on shares of Vail Resorts in a research note on Thursday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and an average target price of $261.11.
Vail Resorts Stock Performance
Vail Resorts (NYSE:MTN – Get Rating) last posted its earnings results on Monday, March 13th. The company reported $5.16 earnings per share for the quarter, missing analysts’ consensus estimates of $6.19 by ($1.03). Vail Resorts had a return on equity of 18.53% and a net margin of 11.88%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $5.47 earnings per share. The business’s quarterly revenue was up 21.5% on a year-over-year basis. On average, equities research analysts forecast that Vail Resorts, Inc. will post 7.63 EPS for the current fiscal year.
Vail Resorts Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 11th. Investors of record on Monday, March 27th were issued a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 3.36%. This is an increase from Vail Resorts’s previous quarterly dividend of $1.91. The ex-dividend date of this dividend was Friday, March 24th. Vail Resorts’s dividend payout ratio is presently 100.24%.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.
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