Franklin Resources Inc. boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 126.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,586 shares of the company’s stock after buying an additional 103,235 shares during the period. Franklin Resources Inc. owned approximately 0.46% of Vail Resorts worth $39,219,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC acquired a new position in Vail Resorts in the fourth quarter valued at approximately $114,000. CENTRAL TRUST Co lifted its holdings in Vail Resorts by 3,147.1% in the fourth quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock valued at $117,000 after buying an additional 535 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Vail Resorts by 579.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock valued at $121,000 after buying an additional 487 shares during the period. Aviance Capital Management LLC acquired a new position in Vail Resorts in the fourth quarter valued at approximately $138,000. Finally, American International Group Inc. acquired a new position in Vail Resorts in the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 95.74% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE MTN) opened at $227.70 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. The firm has a market cap of $9,168.35, a price-to-earnings ratio of 41.03 and a beta of 0.55. Vail Resorts, Inc. has a twelve month low of $183.85 and a twelve month high of $237.77.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, March 8th. The company reported $4.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.55 by $0.57. The company had revenue of $734.58 million for the quarter, compared to analyst estimates of $716.72 million. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $3.63 earnings per share. sell-side analysts anticipate that Vail Resorts, Inc. will post 8.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Tuesday, March 27th will be given a dividend of $1.47 per share. This is an increase from Vail Resorts’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Monday, March 26th. This represents a $5.88 annualized dividend and a dividend yield of 2.58%. Vail Resorts’s dividend payout ratio is currently 53.09%.
In other news, CFO Michael Z. Barkin sold 2,695 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total transaction of $599,502.75. Following the completion of the sale, the chief financial officer now owns 18,058 shares of the company’s stock, valued at $4,017,002.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ryan H. Siurek sold 322 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $221.25, for a total transaction of $71,242.50. Following the sale, the senior vice president now directly owns 520 shares of the company’s stock, valued at approximately $115,050. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.
Several equities analysts recently weighed in on MTN shares. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Monday, December 11th. MKM Partners cut their price objective on shares of Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Deutsche Bank began coverage on shares of Vail Resorts in a report on Wednesday, December 13th. They issued a “buy” rating and a $265.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on shares of Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, December 8th. One equities 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 issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $250.67.
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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