London Co. of Virginia Has $13.64 Million Stake in Vail Resorts, Inc. $MTN

London Co. of Virginia decreased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 28.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,714 shares of the company’s stock after selling 40,966 shares during the quarter. London Co. of Virginia’s holdings in Vail Resorts were worth $13,641,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Clearstead Advisors LLC boosted its holdings in Vail Resorts by 21.5% during the fourth quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock worth $56,000 after purchasing an additional 75 shares during the last quarter. Comerica Bank boosted its holdings in Vail Resorts by 0.4% during the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after purchasing an additional 78 shares during the last quarter. Xponance Inc. lifted its stake in Vail Resorts by 1.2% in the third quarter. Xponance Inc. now owns 6,903 shares of the company’s stock valued at $1,032,000 after acquiring an additional 82 shares during the last quarter. Provident Investment Management Inc. lifted its stake in Vail Resorts by 1.6% in the third quarter. Provident Investment Management Inc. now owns 5,821 shares of the company’s stock valued at $871,000 after acquiring an additional 90 shares during the last quarter. Finally, MAI Capital Management lifted its stake in Vail Resorts by 25.2% in the third quarter. MAI Capital Management now owns 482 shares of the company’s stock valued at $72,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

MTN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Barclays cut their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a research note on Tuesday, June 9th. Mizuho set a $174.00 price target on shares of Vail Resorts in a research note on Tuesday, June 9th. BNP Paribas Exane reiterated an “outperform” rating on shares of Vail Resorts in a research note on Tuesday, March 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Price Performance

Shares of MTN opened at $136.73 on Wednesday. The firm has a market capitalization of $4.87 billion, a PE ratio of 31.07, a PEG ratio of 12.45 and a beta of 0.72. The company’s 50-day moving average is $128.88 and its 200-day moving average is $135.15. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $172.00. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. Vail Resorts’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $10.54 earnings per share. Equities analysts forecast that Vail Resorts, Inc. will post 4.37 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be given a $2.22 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 6.5%. Vail Resorts’s dividend payout ratio is presently 201.82%.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.