Geode Capital Management LLC grew its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,114 shares of the company’s stock after purchasing an additional 17,132 shares during the period. Geode Capital Management LLC owned approximately 0.84% of Vail Resorts worth $72,217,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTN. Cerebellum GP LLC purchased a new position in Vail Resorts in the fourth quarter worth $114,000. CENTRAL TRUST Co grew its position in Vail Resorts by 3,147.1% in the fourth quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock worth $117,000 after acquiring an additional 535 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Vail Resorts by 579.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock worth $121,000 after acquiring an additional 487 shares in the last quarter. Aviance Capital Management LLC purchased a new position in Vail Resorts in the fourth quarter worth $138,000. Finally, American International Group Inc. purchased a new position in Vail Resorts in the fourth quarter worth $200,000. Hedge funds and other institutional investors own 95.77% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE:MTN) opened at $221.37 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.58 and a current ratio of 0.73. Vail Resorts, Inc. has a 1 year low of $183.85 and a 1 year high of $237.77. The stock has a market cap of $9,027.73, a PE ratio of 40.40 and a beta of 0.55.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Tuesday, March 27th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 2.66%. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.05. The ex-dividend date is Monday, March 26th. Vail Resorts’s dividend payout ratio is presently 53.09%.
In other Vail Resorts news, Director Michele Romanow purchased 225 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was acquired at an average cost of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the transaction, the director now directly owns 1,663 shares in the company, valued at approximately $368,421.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.
Several research analysts recently issued reports on MTN shares. Stifel Nicolaus upped their target price on shares of Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a research report on Friday, December 8th. Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. MKM Partners cut their target price on shares of Vail Resorts to $252.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Finally, Deutsche Bank started coverage on shares of Vail Resorts in a research report on Wednesday, December 13th. They issued a “buy” rating and a $265.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average 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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