M&T Bank Corp Cuts Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

M&T Bank Corp trimmed its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 28.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,969 shares of the company’s stock after selling 1,194 shares during the quarter. M&T Bank Corp’s holdings in Vail Resorts were worth $694,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Xponance Inc. increased its holdings in shares of Vail Resorts by 0.9% during the 1st quarter. Xponance Inc. now owns 5,306 shares of the company’s stock valued at $1,240,000 after purchasing an additional 49 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in Vail Resorts by 3.3% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 1,526 shares of the company’s stock worth $357,000 after acquiring an additional 49 shares in the last quarter. Aspire Private Capital LLC increased its holdings in Vail Resorts by 6.3% in the 4th quarter. Aspire Private Capital LLC now owns 822 shares of the company’s stock worth $195,869,595,000 after acquiring an additional 49 shares in the last quarter. Kinneret Advisory LLC increased its holdings in Vail Resorts by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 2,315 shares of the company’s stock worth $607,000 after acquiring an additional 51 shares in the last quarter. Finally, Kingfisher Capital LLC increased its holdings in Vail Resorts by 0.6% in the 1st quarter. Kingfisher Capital LLC now owns 9,526 shares of the company’s stock worth $2,226,000 after acquiring an additional 53 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Trading Up 0.7 %

Shares of MTN opened at $227.90 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.40 and a debt-to-equity ratio of 1.73. Vail Resorts, Inc. has a 12-month low of $201.91 and a 12-month high of $269.50. The firm has a 50-day moving average price of $235.79 and a 200 day moving average price of $237.75. The firm has a market capitalization of $8.79 billion, a P/E ratio of 31.48, a P/E/G ratio of 4.46 and a beta of 1.20.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 8th. The company reported $8.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.88 by ($0.70). Vail Resorts had a net margin of 9.98% and a return on equity of 17.00%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $9.16 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Vail Resorts, Inc. will post 6.74 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Tuesday, June 27th were issued a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Monday, June 26th. Vail Resorts’s dividend payout ratio is currently 113.81%.

Analyst Upgrades and Downgrades

MTN has been the subject of several recent analyst reports. Truist Financial boosted their price target on shares of Vail Resorts from $262.00 to $263.00 in a report on Friday, June 9th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $256.00 to $254.00 in a report on Friday, June 9th. 3M reissued a “maintains” rating on shares of Vail Resorts in a report on Friday, June 9th. StockNews.com began coverage on shares of Vail Resorts in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Credit Suisse Group dropped their target price on shares of Vail Resorts from $333.00 to $321.00 in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $257.50.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.