Vail Resorts, Inc. (NYSE:MTN) Shares Acquired by abrdn plc

abrdn plc increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 16.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 88,310 shares of the company’s stock after purchasing an additional 12,241 shares during the quarter. abrdn plc’s holdings in Vail Resorts were worth $18,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Vail Resorts in the 3rd quarter valued at about $1,017,000. Linden Thomas Advisory Services LLC acquired a new stake in shares of Vail Resorts in the third quarter valued at approximately $713,000. Ellsworth Advisors LLC purchased a new position in shares of Vail Resorts during the third quarter worth approximately $725,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Vail Resorts by 6.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,738 shares of the company’s stock valued at $2,826,000 after acquiring an additional 800 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Vail Resorts by 214.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,724 shares of the company’s stock valued at $1,714,000 after purchasing an additional 5,267 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MTN shares. JPMorgan Chase & Co. lowered their price objective 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. Mizuho assumed coverage on Vail Resorts in a report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research report on Friday, March 22nd. Morgan Stanley decreased their price objective on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Truist Financial reissued a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $260.11.

Vail Resorts Stock Down 1.6 %

Vail Resorts stock opened at $201.38 on Thursday. The stock’s 50 day moving average price is $223.63 and its 200 day moving average price is $221.05. Vail Resorts, Inc. has a 1-year low of $200.21 and a 1-year high of $258.13. The company has a market cap of $7.65 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.27 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $5.16 earnings per share. Vail Resorts’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.6 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $2.22 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts’s dividend payout ratio is presently 148.25%.

Insider Buying and Selling at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares in the company, valued at approximately $1,691,269.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

About Vail Resorts

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.