PNC Financial Services Group Inc. Acquires 457 Shares of Vail Resorts, Inc. (NYSE:MTN)

PNC Financial Services Group Inc. lifted its position in Vail Resorts, Inc. (NYSE:MTN) by 19.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,802 shares of the company’s stock after buying an additional 457 shares during the period. PNC Financial Services Group Inc.’s holdings in Vail Resorts were worth $448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. Bamco Inc. NY boosted its position in shares of Vail Resorts by 2.0% during the fourth quarter. Bamco Inc. NY now owns 5,290,546 shares of the company’s stock worth $991,713,000 after acquiring an additional 105,410 shares during the last quarter. Principal Financial Group Inc. increased its stake in Vail Resorts by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company’s stock worth $264,686,000 after buying an additional 5,788 shares during the period. TPG GP A LLC increased its position in Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company’s stock valued at $194,289,000 after purchasing an additional 172,082 shares during the period. The Manufacturers Life Insurance Company increased its position in Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock valued at $183,039,000 after purchasing an additional 289,484 shares during the period. Finally, First Pacific Advisors LP grew its position in shares of Vail Resorts by 54.2% in the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company’s stock worth $128,910,000 after buying an additional 283,299 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch bought 200 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of $157.00 per share, with a total value of $31,400.00. Following the purchase, the chief financial officer owned 3,156 shares of the company’s stock, valued at $495,492. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTN. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating for the company in a research note on Thursday, May 29th. Bank of America upped their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Mizuho raised their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Truist Financial decreased their target price on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. raised shares of Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price target on the stock in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $187.20.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $152.42 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The stock has a fifty day moving average price of $156.89 and a 200 day moving average price of $154.72. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The company has a market cap of $5.66 billion, a PE ratio of 19.49, a P/E/G ratio of 1.91 and a beta of 0.90.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating 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 company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $9.54 earnings per share. Vail Resorts’s quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company 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. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.8%. Vail Resorts’s dividend payout ratio (DPR) is currently 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.