Summit Trail Advisors LLC increased its stake in Vail Resorts, Inc. (NYSE:MTN) by 13.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,032 shares of the company’s stock after purchasing an additional 588 shares during the quarter. Summit Trail Advisors LLC’s holdings in Vail Resorts were worth $921,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Elkfork Partners LLC purchased a new position in Vail Resorts during the 4th quarter valued at about $121,000. Synovus Financial Corp purchased a new position in Vail Resorts during the 1st quarter valued at about $133,000. American International Group Inc. purchased a new position in Vail Resorts during the 4th quarter valued at about $200,000. Cambridge Investment Research Advisors Inc. purchased a new position in Vail Resorts during the 4th quarter valued at about $202,000. Finally, Silvercrest Asset Management Group LLC purchased a new position in Vail Resorts during the 1st quarter valued at about $204,000. Institutional investors and hedge funds own 98.27% of the company’s stock.
Shares of Vail Resorts opened at $279.11 on Wednesday, according to Marketbeat. The stock has a market cap of $11.23 billion, a PE ratio of 40.58 and a beta of 0.41. Vail Resorts, Inc. has a 12 month low of $197.48 and a 12 month high of $288.83. The company has a quick ratio of 0.88, a current ratio of 1.04 and a debt-to-equity ratio of 0.54.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Stockholders of record on Wednesday, June 27th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, June 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 2.11%. Vail Resorts’s dividend payout ratio (DPR) is presently 112.64%.
In other news, insider Patricia A. Campbell sold 8,821 shares of Vail Resorts stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $277.06, for a total transaction of $2,443,946.26. Following the completion of the sale, the insider now directly owns 19,431 shares in the company, valued at $5,383,552.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James C. O’donnell sold 1,962 shares of Vail Resorts stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $274.90, for a total transaction of $539,353.80. Following the sale, the executive vice president now owns 4,574 shares of the company’s stock, valued at $1,257,392.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,189 shares of company stock valued at $15,912,143. Insiders own 3.30% of the company’s stock.
Several equities analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of Vail Resorts in a report on Wednesday, June 20th. They set a “hold” rating and a $300.00 target price for the company. Zacks Investment Research downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. Deutsche Bank set a $297.00 target price on shares of Vail Resorts and gave the company a “buy” rating in a report on Friday, June 8th. Stifel Nicolaus restated a “hold” rating and set a $295.00 target price (up from $232.00) on shares of Vail Resorts in a report on Monday, June 11th. They noted that the move was a valuation call. Finally, Barclays raised their target price on shares of Vail Resorts from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 11th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $281.44.
Vail Resorts 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, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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