Advisor Group Inc. Increases Stake in Vail Resorts, Inc. (MTN)
Advisor Group Inc. increased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 13.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,135 shares of the company’s stock after purchasing an additional 618 shares during the period. Advisor Group Inc.’s holdings in Vail Resorts were worth $1,091,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in MTN. Cerebellum GP LLC purchased a new stake in shares of Vail Resorts in the 4th quarter valued at $114,000. CENTRAL TRUST Co boosted its stake in shares of Vail Resorts by 3,147.1% in the 4th quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock valued at $117,000 after purchasing an additional 535 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Vail Resorts by 579.8% during the 4th 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 purchased a new stake in Vail Resorts during the 4th quarter valued at $138,000. Finally, American International Group Inc. purchased a new stake in Vail Resorts during the 4th quarter valued at $200,000. 95.74% of the stock is owned by institutional investors.
Shares of Vail Resorts, Inc. (MTN) opened at $227.95 on Friday. The firm has a market cap of $9,313.81, a price-to-earnings ratio of 28.75 and a beta of 0.55. The company has a current ratio of 0.73, a quick ratio of 0.58 and a debt-to-equity ratio of 0.63. Vail Resorts, Inc. has a 12-month low of $184.12 and a 12-month high of $237.77.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Tuesday, March 27th will be issued a $1.47 dividend. The ex-dividend date is Monday, March 26th. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.05. This represents a $5.88 annualized dividend and a yield of 2.58%. Vail Resorts’s dividend payout ratio is 53.09%.
In other Vail Resorts news, CFO Michael Z. Barkin sold 2,695 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total value of $599,502.75. Following the completion of the transaction, the chief financial officer now directly owns 18,058 shares in the company, valued at approximately $4,017,002.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ryan H. Siurek sold 322 shares of the company’s 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 completion of the transaction, the senior vice president now owns 520 shares of the company’s stock, valued at $115,050. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on MTN shares. Deutsche Bank reissued a “buy” rating and set a $265.00 price target on shares of Vail Resorts in a research report on Thursday, February 1st. MKM Partners dropped their price target on shares of Vail Resorts to $252.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Stifel Nicolaus increased their price target on shares of Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a research report on Friday, December 8th. Finally, Zacks Investment Research cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Vail Resorts presently has a consensus rating of “Buy” and a consensus price target of $250.67.
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Vail Resorts Profile
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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