Sumitomo Mitsui Trust Holdings Inc. owns $2.09M holdings in Vail Resorts, Inc. (NYSE:MTN)

Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 86.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,578 shares of the company’s stock after selling 76,418 shares during the period. Holdings of Sumitomo Mitsui Trust Holdings Inc. in Vail Resorts were worth $2,086,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MTN. Benjamin F. Edwards & Company Inc. grew its position in Vail Resorts by 3.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,704 shares of the company’s stock valued at $364,000 after buying an additional 49 shares in the last quarter. GAMMA Investing LLC raised its position in Vail Resorts by 27.9% in the first quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock valued at $57,000 after acquiring an additional 56 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Vail Resorts by 2.1% in the first quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $668,000 after acquiring an additional 62 shares in the last quarter. Artemis Investment Management LLP boosted its position in Vail Resorts by 4.6% in the second quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock worth $306,000 after acquiring an additional 75 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Vail Resorts by 8.5% in the first quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock worth $221,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s shares.

Vail Resorts Price Performance

MTN stock opened at $175.52 on Thursday. Vail Resorts, Inc. has a 12-month low of $165.14 and a 12-month high of $254.78. The company has a market cap of $6.60 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.10 and a beta of 1.14. The stock has a 50-day moving average of $177.30 and a two-hundred-day moving average of $200.21. The company has a current ratio of 1.18, a quick ratio of 1.08, and a debt-to-equity ratio of 2.04.

Vail Resorts (NYSE:MTN – Get Free Report ) last issued its earnings results on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing the consensus estimate of $9.94 by ($0.40). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. As a group, equities analysts expect Vail Resorts, Inc. to post 6.48 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th were given a $2.22 dividend. This represents an annualized dividend of $8.88 and a yield of 5.06%. The ex-dividend date was Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Insiders place their bets

In related news, CFO Angela A. Korch purchased 575 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were purchased at an average cost of $176.20 per share, with a total value of $101,315.00. Following the purchase, the chief financial officer now owns 1,171 shares in the company, valued at approximately $206,330.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Corporate insiders own 1.20% of the company’s shares.

Analysts set new price targets

A number of brokerages recently issued reports on MTN. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $244.00 to $226.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. cut Vail Resorts from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. Stifel Nicolaus cut their price target on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a report on Friday, June 7th. Morgan Stanley decreased their price objective on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, June 7th. Finally, Barclays cut their price target on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a research note on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Vail Resorts has a consensus rating of “Hold” and an average target price of $221.50, according to MarketBeat.com.

Read the latest stock analysis on MTN

Vail Resorts Profile

(Free Report)

Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Accommodation and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in ancillary activities, including ski school, dining and retail/rental operations, as well as real estate brokerage activities.

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