Procyon Advisors LLC Sells 307 Shares of Vail Resorts, Inc. (NYSE:MTN)

Procyon Advisors LLC lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTNFree Report) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,593 shares of the company’s stock after selling 307 shares during the period. Procyon Advisors LLC’s holdings in Vail Resorts were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Artemis Investment Management LLP acquired a new position in shares of Vail Resorts during the fourth quarter valued at about $349,000. Pacer Advisors Inc. raised its holdings in shares of Vail Resorts by 77.2% during the fourth quarter. Pacer Advisors Inc. now owns 5,715 shares of the company’s stock valued at $1,220,000 after purchasing an additional 2,489 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Vail Resorts by 3.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,200 shares of the company’s stock valued at $897,000 after purchasing an additional 142 shares during the period. Raymond James & Associates raised its holdings in shares of Vail Resorts by 4.6% during the fourth quarter. Raymond James & Associates now owns 74,599 shares of the company’s stock valued at $15,925,000 after purchasing an additional 3,278 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Vail Resorts by 534.5% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 349 shares of the company’s stock worth $75,000 after acquiring an additional 294 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Up 1.2 %

Vail Resorts stock opened at $222.83 on Friday. Vail Resorts, Inc. has a twelve month low of $204.88 and a twelve month high of $258.13. The firm has a 50 day moving average price of $224.61 and a 200-day moving average price of $223.07. The company has a market capitalization of $8.46 billion, a P/E ratio of 37.20, a P/E/G ratio of 2.36 and a beta of 1.12. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTNGet Free Report) last released its earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.16 earnings per share. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.75 EPS for the current year.

Vail Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be issued a $2.22 dividend. The ex-dividend date is Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a yield of 3.99%. Vail Resorts’s dividend payout ratio (DPR) is 148.25%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MTN. Morgan Stanley upped their target price on shares of Vail Resorts from $247.00 to $248.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Stifel Nicolaus restated a “buy” rating and issued a $263.00 target price on shares of Vail Resorts in a report on Friday, March 22nd. Truist Financial restated a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Mizuho began coverage on shares of Vail Resorts in a report on Tuesday. They issued a “buy” rating and a $256.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $273.00 to $266.00 and set a “hold” rating on the stock in a report on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $264.20.

Get Our Latest Report on MTN

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

About Vail Resorts

(Free Report)

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.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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