Fifth Third Bancorp Sells 201 Shares of Vail Resorts, Inc. (NYSE:MTN)

Fifth Third Bancorp lowered its position in Vail Resorts, Inc. (NYSE:MTN) by 16.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,037 shares of the company’s stock after selling 201 shares during the quarter. Fifth Third Bancorp’s holdings in Vail Resorts were worth $166,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MTN. Principal Securities Inc. increased its holdings in shares of Vail Resorts by 15.2% in the fourth quarter. Principal Securities Inc. now owns 1,694 shares of the company’s stock worth $318,000 after purchasing an additional 223 shares during the period. Allworth Financial LP increased its holdings in shares of Vail Resorts by 375.5% in the fourth quarter. Allworth Financial LP now owns 661 shares of the company’s stock worth $124,000 after purchasing an additional 522 shares during the period. CIBC Asset Management Inc bought a new position in shares of Vail Resorts in the fourth quarter worth $225,000. Global Retirement Partners LLC increased its holdings in shares of Vail Resorts by 30.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,168 shares of the company’s stock worth $219,000 after purchasing an additional 270 shares during the period. Finally, Alberta Investment Management Corp bought a new position in shares of Vail Resorts in the fourth quarter worth $3,134,000. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Performance

NYSE MTN opened at $155.33 on Friday. The company has a 50-day simple moving average of $147.60 and a two-hundred day simple moving average of $162.00. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.92 and a beta of 0.91.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $9.54 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. The ex-dividend date is Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.72%. Vail Resorts’s dividend payout ratio is currently 113.55%.

Analyst Ratings Changes

MTN has been the subject of several research reports. Morgan Stanley reiterated an “equal weight” rating on shares of Vail Resorts in a research report on Friday, June 6th. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 target price for the company in a research report on Wednesday, May 28th. UBS Group cut their target price on shares of Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating for the company in a research report on Thursday, May 29th. Finally, Mizuho upped their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $187.20.

Vail Resorts Profile

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.