Sumitomo Mitsui Trust Holdings Inc. Sells 4,386 Shares of Vail Resorts, Inc. (NYSE:MTN)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in Vail Resorts, Inc. (NYSE:MTN) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,703 shares of the company’s stock after selling 4,386 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of Vail Resorts worth $19,576,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MTN. Pittenger & Anderson Inc. grew its position in Vail Resorts by 125.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Park Place Capital Corp grew its position in Vail Resorts by 531.6% in the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Rise Advisors LLC grew its position in Vail Resorts by 62.2% in the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 61 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Vail Resorts in the 3rd quarter worth $64,000. Finally, GPS Wealth Strategies Group LLC grew its position in 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 purchasing an additional 294 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction dated 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 $1,691,269.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Monday. Bank of America lowered shares of Vail Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Truist Financial reiterated a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. JPMorgan Chase & Co. decreased their target price on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $263.00 target price on shares of Vail Resorts in a research report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $260.11.

Vail Resorts Trading Down 0.1 %

Shares of MTN stock opened at $202.68 on Tuesday. Vail Resorts, Inc. has a 12-month low of $200.51 and a 12-month high of $258.13. The company has a market capitalization of $7.70 billion, a P/E ratio of 33.84, a P/E/G ratio of 2.17 and a beta of 1.11. The firm has a 50-day moving average price of $224.44 and a 200 day moving average price of $221.25. 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:MTN) last announced its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $5.16 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts forecast that Vail Resorts, Inc. will post 7.69 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a dividend of $2.22 per share. 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 4.38%. The ex-dividend date was Wednesday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is currently 148.25%.

Vail Resorts Company 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.