Vail Resorts, Inc. (NYSE:MTN) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 10.6% in the fourth quarter, HoldingsChannel reports. The fund owned 4,519 shares of the company’s stock after selling 533 shares during the period. New York Life Investment Management LLC’s holdings in Vail Resorts were worth $965,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nordea Investment Management AB lifted its holdings in Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after purchasing an additional 400,941 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of Vail Resorts in the 4th quarter worth approximately $35,645,000. London Co. of Virginia bought a new position in shares of Vail Resorts in the third quarter valued at approximately $32,280,000. Principal Financial Group Inc. increased its stake in shares of Vail Resorts by 7.9% during the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after acquiring an additional 131,170 shares during the period. Finally, Northern Trust Corp raised its holdings in Vail Resorts by 42.3% during the third quarter. Northern Trust Corp now owns 375,072 shares of the company’s stock worth $83,225,000 after purchasing an additional 111,487 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN stock opened at $197.54 on Wednesday. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 2.16 and a beta of 1.14. Vail Resorts, Inc. has a 1-year low of $188.43 and a 1-year high of $258.13. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37. The stock’s fifty day simple moving average is $217.46 and its 200-day simple moving average is $219.71.

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

Vail Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $2.22 per share. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 4.50%. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MTN shares. Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Morgan Stanley reduced their price objective on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Mizuho assumed coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 target price on the stock. Truist Financial reissued a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. decreased their price target 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, April 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $260.11.

Insider Buying and Selling at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was 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 of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts 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.