Sumitomo Mitsui Trust Holdings Inc. Has $25.24 Million Holdings in Vail Resorts, Inc. (MTN)
Sumitomo Mitsui Trust Holdings Inc. cut its stake in Vail Resorts, Inc. (NYSE:MTN) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,623 shares of the company’s stock after selling 1,076 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Vail Resorts worth $25,235,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Vail Resorts by 2.7% during the 2nd quarter. Creative Planning now owns 1,221 shares of the company’s stock worth $248,000 after buying an additional 32 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in shares of Vail Resorts during the 2nd quarter worth approximately $1,643,000. LS Investment Advisors LLC acquired a new position in shares of Vail Resorts during the 2nd quarter worth approximately $219,000. Nisa Investment Advisors LLC raised its stake in shares of Vail Resorts by 200.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $304,000 after buying an additional 1,000 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Vail Resorts by 26.4% during the 2nd quarter. Aperio Group LLC now owns 8,586 shares of the company’s stock worth $1,741,000 after buying an additional 1,793 shares during the period. 94.44% of the stock is owned by institutional investors.
In related news, CFO Michael Z. Barkin sold 7,953 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $216.55, for a total value of $1,722,222.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert A. Katz sold 115,900 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of $218.73, for a total value of $25,350,807.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 236,742 shares of company stock valued at $51,804,735. 3.30% of the stock is owned by corporate insiders.
Vail Resorts, Inc. (NYSE:MTN) traded up $2.03 during midday trading on Friday, reaching $232.04. The company had a trading volume of 107,598 shares, compared to its average volume of 223,438. Vail Resorts, Inc. has a 1 year low of $154.11 and a 1 year high of $237.77. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 0.69. The firm has a market cap of $9,204.77, a P/E ratio of 43.07 and a beta of 0.48.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The firm had revenue of $209.10 million during the quarter, compared to the consensus estimate of $210.92 million. During the same period in the prior year, the company earned ($1.80) EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. research analysts predict that Vail Resorts, Inc. will post 6.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 10th were paid a $1.053 dividend. This represents a $4.21 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s dividend payout ratio is currently 85.92%.
Several research analysts have recently weighed in on the company. MKM Partners reaffirmed a “buy” rating and set a $266.00 target price (up from $264.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Barclays PLC upped their target price on Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a research note on Friday, September 29th. Zacks Investment Research raised Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, September 29th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $232.00 target price (up from $229.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $250.25.
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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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