Invesco Ltd. Sells 10,608 Shares of Vail Resorts, Inc. $MTN

Invesco Ltd. decreased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 14.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,208 shares of the company’s stock after selling 10,608 shares during the period. Invesco Ltd. owned approximately 0.16% of Vail Resorts worth $9,795,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MTN. Mariner LLC lifted its stake in Vail Resorts by 30.3% during the fourth quarter. Mariner LLC now owns 2,979 shares of the company’s stock worth $558,000 after purchasing an additional 693 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Vail Resorts during the 4th quarter valued at about $94,000. Dimensional Fund Advisors LP lifted its position in Vail Resorts by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 464,366 shares of the company’s stock worth $87,050,000 after buying an additional 22,699 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Vail Resorts by 92.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,787 shares of the company’s stock worth $522,000 after buying an additional 1,339 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Vail Resorts by 52.5% during the fourth quarter. Stifel Financial Corp now owns 32,227 shares of the company’s stock valued at $6,041,000 after acquiring an additional 11,096 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Trading Up 3.6%

NYSE MTN opened at $162.6880 on Monday. The stock has a market cap of $6.04 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 2.01 and a beta of 0.90. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The stock has a 50 day simple moving average of $157.26 and a two-hundred day simple moving average of $153.99. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61.

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

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Tuesday, June 24th. Vail Resorts’s dividend payout ratio is currently 113.55%.

Insider Activity

In other news, CFO Angela A. Korch purchased 200 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were purchased at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the acquisition, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This represents a 6.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho upped their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Truist Financial lowered their price target on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, June 6th. Bank of America raised their price objective on Vail Resorts from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. raised Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 target price for the company in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.