Vanguard Group Inc. Decreases Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Vanguard Group Inc. lessened its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 0.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,685,833 shares of the company’s stock after selling 30,824 shares during the period. Vanguard Group Inc. owned about 9.87% of Vail Resorts worth $589,807,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MTN. Heck Capital Advisors LLC purchased a new position in Vail Resorts during the 4th quarter valued at about $33,000. Golden State Wealth Management LLC increased its holdings in Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock valued at $39,000 after purchasing an additional 123 shares during the period. Alpine Bank Wealth Management purchased a new position in Vail Resorts during the 1st quarter valued at about $40,000. GAMMA Investing LLC increased its holdings in Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock valued at $43,000 after purchasing an additional 116 shares during the period. Finally, GeoWealth Management LLC increased its holdings in Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock valued at $55,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN opened at $154.90 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. The business’s 50 day moving average price is $156.94 and its 200-day moving average price is $154.88. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The stock has a market cap of $5.75 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.86 and a beta of 0.90.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping analysts’ consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $9.54 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts’s payout ratio is currently 113.55%.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 200 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $157.00 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MTN. Mizuho boosted their price target on Vail Resorts from $215.00 to $216.00 and gave the company an “outperform” rating in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, May 29th. Bank of America boosted their price target on Vail Resorts from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, May 28th. Morgan Stanley reiterated an “equal weight” rating on shares of Vail Resorts in a report on Friday, June 6th. Finally, UBS Group lowered their target price on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $187.20.

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.