Vanguard Group Inc. Sells 112,304 Shares of Vail Resorts, Inc. $MTN

Vanguard Group Inc. decreased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 3,508,036 shares of the company’s stock after selling 112,304 shares during the period. Vanguard Group Inc. owned about 0.10% of Vail Resorts worth $465,867,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BOKF NA raised its stake in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the period. NBT Bank N A NY increased its holdings in shares of Vail Resorts by 450.0% in the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after acquiring an additional 144 shares during the period. Danske Bank A S bought a new position in shares of Vail Resorts in the 3rd quarter worth $30,000. Finally, Employees Retirement System of Texas bought a new position in shares of Vail Resorts in the 3rd quarter worth $46,000. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $123.03 on Wednesday. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $175.51. The company has a market cap of $4.38 billion, a PE ratio of 20.07, a P/E/G ratio of 10.42 and a beta of 0.70. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.51 and a current ratio of 0.62. The business has a 50-day simple moving average of $131.72 and a two-hundred day simple moving average of $138.69.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.06 by ($0.19). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $6.56 EPS. As a group, equities analysts expect that Vail Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th were paid a dividend of $2.22 per share. The ex-dividend date was Thursday, March 26th. This represents a $8.88 dividend on an annualized basis and a yield of 7.2%. Vail Resorts’s dividend payout ratio is presently 144.86%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Mizuho lowered their price target on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, March 10th. Truist Financial decreased their target price on shares of Vail Resorts from $217.00 to $212.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. BNP Paribas Exane restated an “outperform” rating on shares of Vail Resorts in a research note on Tuesday, March 10th. Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Finally, Stifel Nicolaus reduced their price target on Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $161.82.

Insiders Place Their Bets

In related news, CFO Angela A. Korch acquired 190 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average cost of $131.85 per share, with a total value of $25,051.50. Following the completion of the acquisition, the chief financial officer directly owned 5,539 shares of the company’s stock, valued at $730,317.15. This represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Katz bought 37,500 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the transaction, the chief executive officer owned 285,312 shares in the company, valued at $37,606,974.72. This trade represents a 15.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

Vail Resorts 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.