M&T Bank Corp Has $241,000 Stock Position in Vail Resorts, Inc. (NYSE:MTN)

M&T Bank Corp reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 22.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,506 shares of the company’s stock after selling 442 shares during the quarter. M&T Bank Corp’s holdings in Vail Resorts were worth $241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTN. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts during the fourth quarter valued at $33,000. Golden State Wealth Management LLC lifted its holdings in shares of Vail Resorts by 102.5% during the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. Alpine Bank Wealth Management bought a new position in shares of Vail Resorts in the first quarter valued at about $40,000. GAMMA Investing LLC raised its holdings in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock valued at $43,000 after buying an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC raised its holdings in shares of Vail Resorts by 162.2% in the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock valued at $55,000 after buying an additional 180 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the transaction, the chief financial officer directly owned 3,156 shares of the company’s stock, valued at $495,492. The trade was a 6.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of Vail Resorts in a report on Friday, June 6th. Truist Financial cut their price target on Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a report on Friday, June 6th. UBS Group lowered their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $183.00 to $171.00 and set a “hold” rating for the company in a research report on Thursday, May 29th. Finally, Bank of America lifted their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $187.20.

Vail Resorts Stock Performance

MTN opened at $159.27 on Friday. The firm has a market cap of $5.92 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The business’s fifty day moving average is $156.59 and its 200-day moving average is $157.89.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company earned $9.54 EPS. Vail Resorts’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were given a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.58%. Vail Resorts’s dividend payout ratio is presently 113.55%.

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.