New York State Common Retirement Fund Decreases Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

New York State Common Retirement Fund trimmed its holdings in Vail Resorts, Inc. (NYSE:MTN) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,821 shares of the company’s stock after selling 2,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Vail Resorts were worth $4,278,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC raised its position in shares of Vail Resorts by 3.2% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company’s stock valued at $398,000 after buying an additional 65 shares during the period. Raleigh Capital Management Inc. raised its position in shares of Vail Resorts by 20.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock valued at $74,000 after buying an additional 67 shares during the period. Accretive Wealth Partners LLC raised its position in shares of Vail Resorts by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock valued at $992,000 after buying an additional 80 shares during the period. UMB Bank n.a. raised its position in shares of Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after buying an additional 83 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Vail Resorts by 27.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 412 shares of the company’s stock valued at $72,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Performance

NYSE:MTN opened at $159.14 on Friday. The company has a fifty day simple moving average of $172.98 and a two-hundred day simple moving average of $176.84. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 52 week low of $154.27 and a 52 week high of $235.81.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping the consensus estimate of ($4.99) by $0.38. The business had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($4.60) earnings per share. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were paid a $2.22 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.58%. Vail Resorts’s dividend payout ratio (DPR) is 147.51%.

Wall Street Analysts Forecast Growth

MTN has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Macquarie lifted their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a report on Monday, December 9th. Stifel Nicolaus lifted their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays lifted their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $204.50.

About Vail Resorts

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.