Bank of New York Mellon Corp Decreases Position in Vail Resorts, Inc. $MTN

Bank of New York Mellon Corp trimmed its position in Vail Resorts, Inc. (NYSE:MTN) by 3.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 366,768 shares of the company’s stock after selling 14,704 shares during the period. Bank of New York Mellon Corp’s holdings in Vail Resorts were worth $47,064,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MTN. BOKF NA raised its holdings in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Golden State Wealth Management LLC boosted its holdings in Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Danske Bank A S purchased a new stake in Vail Resorts during the 3rd quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Vail Resorts by 1,585.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after buying an additional 222 shares during the period. 94.90% of the stock is owned by institutional investors.

Vail Resorts Stock Performance

Shares of MTN opened at $145.92 on Friday. 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, Inc. has a 1 year low of $118.51 and a 1 year high of $165.50. The stock has a market capitalization of $5.20 billion, a PE ratio of 33.16, a PEG ratio of 13.52 and a beta of 0.71. The stock has a 50-day simple moving average of $138.19 and a 200-day simple moving average of $135.01.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $10.54 EPS. On average, analysts predict that Vail Resorts, Inc. will post 4.31 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, June 25th. This represents a $8.88 annualized dividend and a yield of 6.1%. Vail Resorts’s payout ratio is presently 201.82%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTN. UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. JPMorgan Chase & Co. upped their price objective on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Mizuho set a $174.00 target price on Vail Resorts in a research note on Tuesday, June 9th. Finally, Stifel Nicolaus lowered their price target on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $151.45.

About Vail Resorts

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.