Janus Henderson Group PLC raised its holdings in Vail Resorts, Inc. (NYSE:MTN) by 37.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,734 shares of the company’s stock after buying an additional 44,588 shares during the period. Janus Henderson Group PLC owned approximately 0.41% of Vail Resorts worth $37,123,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Vail Resorts by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock worth $634,095,000 after acquiring an additional 76,961 shares in the last quarter. BlackRock Inc. raised its stake in Vail Resorts by 17.0% during the 2nd quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock worth $419,502,000 after acquiring an additional 300,793 shares in the last quarter. State Street Corp raised its stake in Vail Resorts by 40.2% during the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock worth $145,687,000 after acquiring an additional 206,079 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Vail Resorts by 24.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock worth $114,902,000 after acquiring an additional 101,554 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Vail Resorts by 13.3% in the second quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock valued at $103,478,000 after purchasing an additional 59,849 shares during the period. 93.52% of the stock is owned by institutional investors.
A number of research firms have commented on MTN. Deutsche Bank began coverage on shares of Vail Resorts in a research note on Wednesday, December 13th. They issued a “buy” rating and a $265.00 price objective on the stock. Zacks Investment Research downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Stifel Nicolaus lifted their target price on shares of Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a report on Friday, December 8th. Bank of America lifted their target price on shares of Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $266.00 target price (up previously from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $252.22.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.10). The firm had revenue of $220.90 million during the quarter, compared to analyst estimates of $198.95 million. Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The business’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.70) EPS. equities research analysts expect that Vail Resorts, Inc. will post 7.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th were given a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, December 26th. Vail Resorts’s dividend payout ratio is presently 71.36%.
In other news, insider Patricia A. Campbell sold 5,515 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total value of $1,226,591.15. Following the completion of the sale, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michele Romanow acquired 225 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average cost of $221.54 per share, with a total value of $49,846.50. Following the transaction, the director now directly owns 1,663 shares of the company’s stock, valued at $368,421.02. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.
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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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