Vail Resorts, Inc. $MTN Holdings Lowered by Fifth Third Bancorp

Fifth Third Bancorp trimmed its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 67.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341 shares of the company’s stock after selling 696 shares during the quarter. Fifth Third Bancorp’s holdings in Vail Resorts were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTN. SouthState Corp bought a new stake in shares of Vail Resorts in the 1st quarter worth $29,000. Farther Finance Advisors LLC raised its stake in shares of Vail Resorts by 676.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after buying an additional 169 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Vail Resorts in the 1st quarter worth $40,000. Finally, GAMMA Investing LLC raised its stake in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after buying an additional 116 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Trading Up 0.6%

MTN opened at $155.02 on Friday. The firm’s fifty day moving average is $152.95 and its two-hundred day moving average is $152.54. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.54 and a current ratio of 0.63. The firm has a market cap of $5.76 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The business had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. During the same quarter last year, the firm earned ($4.67) EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Thursday, October 9th. Vail Resorts’s payout ratio is 119.84%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MTN shares. Barclays dropped their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a report on Tuesday. Bank of America dropped their target price on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday. Mizuho cut their target price on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research report on Tuesday. Truist Financial cut their price target on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, September 17th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and an average target price of $174.90.

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.