Princeton Global Asset Management LLC Has $886,000 Holdings in Vail Resorts, Inc. (NYSE:MTN)
Princeton Global Asset Management LLC raised its position in Vail Resorts, Inc. (NYSE:MTN) by 5.1% in the first quarter, Holdings Channel reports. The institutional investor owned 4,077 shares of the company’s stock after purchasing an additional 199 shares during the period. Princeton Global Asset Management LLC’s holdings in Vail Resorts were worth $886,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Vail Resorts by 5.9% in the 1st quarter. BlackRock Inc. now owns 2,491,909 shares of the company’s stock worth $541,493,000 after purchasing an additional 137,749 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Vail Resorts by 51.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,563,580 shares of the company’s stock valued at $339,766,000 after buying an additional 530,235 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Vail Resorts by 1.7% during the 1st quarter. William Blair Investment Management LLC now owns 990,320 shares of the company’s stock valued at $215,197,000 after buying an additional 16,322 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Vail Resorts by 26.9% during the 1st quarter. Wells Fargo & Company MN now owns 875,639 shares of the company’s stock valued at $190,276,000 after acquiring an additional 185,758 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Vail Resorts by 19.9% in the fourth quarter. Jennison Associates LLC now owns 561,557 shares of the company’s stock worth $118,387,000 after buying an additional 93,183 shares during the last quarter. 97.74% of the stock is owned by institutional investors.
MTN stock opened at $235.98 on Monday. Vail Resorts, Inc. has a one year low of $179.60 and a one year high of $302.76. The firm has a market cap of $9.49 billion, a P/E ratio of 37.52, a PEG ratio of 2.25 and a beta of 0.70. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 26th will be paid a $1.76 dividend. This represents a $7.04 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Tuesday, June 25th. Vail Resorts’s dividend payout ratio is currently 111.92%.
MTN has been the topic of several research reports. SunTrust Banks raised their price target on Vail Resorts to $247.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Zacks Investment Research lowered Vail Resorts from a “hold” rating to a “sell” rating and set a $182.00 target price on the stock. in a research note on Monday, May 27th. Macquarie lowered Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 target price on the stock. in a research note on Thursday, April 4th. William Blair reiterated an “outperform” rating on shares of Vail Resorts in a research note on Friday, June 7th. Finally, KeyCorp lifted their target price on Vail Resorts from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $244.96.
In other Vail Resorts news, insider Patricia A. Campbell sold 6,431 shares of Vail Resorts stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $235.53, for a total transaction of $1,514,693.43. Following the transaction, the insider now directly owns 33,729 shares of the company’s stock, valued at $7,944,191.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert A. Katz sold 64,913 shares of Vail Resorts stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $231.95, for a total transaction of $15,056,570.35. Following the transaction, the chairman now directly owns 425,729 shares in the company, valued at $98,747,841.55. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
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Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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