Bank of New York Mellon Corp Has $78.09 Million Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Bank of New York Mellon Corp lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 416,586 shares of the company's stock after purchasing an additional 48,721 shares during the quarter. Bank of New York Mellon Corp owned about 1.11% of Vail Resorts worth $78,089,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in shares of Vail Resorts during the 3rd quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in Vail Resorts during the fourth quarter worth about $33,000. Blue Trust Inc. raised its position in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after acquiring an additional 148 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Vail Resorts in the 4th quarter valued at about $40,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Vail Resorts by 165.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 321 shares of the company's stock valued at $56,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Vail Resorts from $176.00 to $166.00 and set an "underweight" rating on the stock in a report on Friday, January 17th. Stifel Nicolaus upped their price target on Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Macquarie raised their price objective on Vail Resorts from $180.00 to $195.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 11th. UBS Group began coverage on Vail Resorts in a report on Thursday, November 14th. They issued a "neutral" rating and a $185.00 target price on the stock. Finally, Barclays upped their target price on Vail Resorts from $155.00 to $165.00 and gave the company an "underweight" rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $204.50.

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Vail Resorts Stock Up 1.1 %

NYSE:MTN traded up $1.78 on Friday, hitting $158.97. 224,563 shares of the company's stock traded hands, compared to its average volume of 549,131. The firm has a 50-day moving average price of $170.96 and a 200-day moving average price of $176.47. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The company has a market cap of $5.95 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a 1 year low of $150.09 and a 1 year high of $233.57.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. During the same quarter last year, the business posted ($4.60) EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. Equities analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Thursday, December 26th. Vail Resorts's dividend payout ratio (DPR) is presently 147.51%.

Vail Resorts Company Profile

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