Epoch Investment Partners Inc. boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 28.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,890 shares of the company’s stock after buying an additional 6,398 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Vail Resorts were worth $6,091,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MTN. Highwater Wealth Management LLC purchased a new position in shares of Vail Resorts during the fourth quarter worth about $32,000. Exane Derivatives grew its holdings in shares of Vail Resorts by 3,080.0% during the fourth quarter. Exane Derivatives now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 154 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of Vail Resorts by 700.0% during the fourth quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock worth $42,000 after purchasing an additional 175 shares during the last quarter. Oakworth Capital Inc. grew its holdings in shares of Vail Resorts by 100.0% during the fourth quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock worth $42,000 after purchasing an additional 100 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Vail Resorts by 526.7% during the fourth quarter. Flagship Harbor Advisors LLC now owns 282 shares of the company’s stock worth $59,000 after purchasing an additional 237 shares during the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on MTN. Zacks Investment Research raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus raised their price objective on Vail Resorts from $215.00 to $219.00 and gave the stock a “hold” rating in a report on Monday. KeyCorp raised their price objective on Vail Resorts from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Deutsche Bank dropped their price objective on Vail Resorts from $294.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Finally, Bank of America downgraded shares of Vail Resorts from a “buy” rating to a “neutral” rating in a research note on Friday, January 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $273.13.
Vail Resorts (NYSE:MTN) last announced its earnings results on Friday, March 8th. The company reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.79 by $0.23. Vail Resorts had a net margin of 12.76% and a return on equity of 15.93%. The business had revenue of $849.60 million during the quarter, compared to the consensus estimate of $841.76 million. During the same quarter in the prior year, the firm earned $4.12 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Wednesday, March 27th will be paid a dividend of $1.76 per share. This is an increase from Vail Resorts’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, March 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.28%. Vail Resorts’s dividend payout ratio is 93.48%.
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About Vail Resorts
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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