Fifth Third Bancorp Has $3.16 Million Holdings in Vail Resorts, Inc. $MTN

Fifth Third Bancorp increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 7,194.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,654 shares of the company’s stock after acquiring an additional 24,316 shares during the quarter. Fifth Third Bancorp’s holdings in Vail Resorts were worth $3,164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTN. Clearstead Advisors LLC increased its stake in Vail Resorts by 21.5% during the 4th quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock valued at $56,000 after purchasing an additional 75 shares in the last quarter. Comerica Bank grew its stake in Vail Resorts by 0.4% in the 3rd quarter. Comerica Bank now owns 17,552 shares of the company’s stock valued at $2,625,000 after purchasing an additional 78 shares during the period. Golden State Wealth Management LLC grew its position in Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the period. UMB Bank n.a. grew its position in Vail Resorts by 32.9% during the fourth quarter. UMB Bank n.a. now owns 440 shares of the company’s stock valued at $58,000 after buying an additional 109 shares during the period. Finally, Sendero Wealth Management LLC increased its holdings in Vail Resorts by 2.6% during the fourth quarter. Sendero Wealth Management LLC now owns 4,475 shares of the company’s stock worth $594,000 after buying an additional 112 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

MTN has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Stifel Nicolaus reduced their target price on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. lifted their price target on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and an average target price of $151.45.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $148.17 on Monday. The company has a fifty day moving average of $135.85 and a 200-day moving average of $134.59. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $166.16. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 13.88 and a beta of 0.71. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.54 EPS. Equities research analysts expect that Vail Resorts, Inc. will post 4.31 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s dividend payout ratio is 201.82%.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.