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

Bank of New York Mellon Corp lifted its stake in Vail Resorts, Inc. (NYSE:MTN) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 416,586 shares of the company’s stock after acquiring an additional 48,721 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.11% of Vail Resorts worth $78,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Vail Resorts in the third quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Vail Resorts during the 4th quarter valued at about $33,000. Blue Trust Inc. grew its stake in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after buying an additional 148 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Vail Resorts in the fourth quarter worth approximately $40,000. Finally, UMB Bank n.a. raised its position in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after acquiring an additional 83 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Price Performance

NYSE MTN opened at $158.57 on Tuesday. The stock has a 50-day simple moving average of $172.35 and a 200 day simple moving average of $176.76. Vail Resorts, Inc. has a twelve month low of $154.27 and a twelve month high of $235.81. The stock has a market capitalization of $5.94 billion, a PE ratio of 26.34, a P/E/G ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN) last issued 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. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $260.28 million for the quarter, compared to the consensus estimate of $251.45 million. During the same period in the previous year, the business posted ($4.60) EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date was Thursday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Analysts Set New Price Targets

MTN has been the subject of several recent research reports. Barclays boosted their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price objective on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Truist Financial lowered their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. UBS Group initiated coverage on Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target for the company. Finally, StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $204.50.

Vail Resorts 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.