Public Employees Retirement System of Ohio Decreases Stock Position in Vail Resorts, Inc. $MTN

Public Employees Retirement System of Ohio lessened its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,133 shares of the company’s stock after selling 403 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vail Resorts were worth $1,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTN. SouthState Corp purchased a new stake in shares of Vail Resorts in the first quarter worth approximately $29,000. Farther Finance Advisors LLC raised its holdings in shares of Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after buying an additional 169 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after buying an additional 123 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Vail Resorts in the first quarter worth approximately $40,000. Finally, 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 worth $43,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Up 1.0%

Shares of MTN stock opened at $157.07 on Friday. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The stock’s fifty day moving average price is $152.88 and its 200 day moving average price is $152.52. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.54. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 2.54 and a beta of 0.86.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The business had revenue of $271.29 million for the quarter, compared to analysts’ expectations of $272.87 million. During the same quarter last year, the firm earned ($4.67) earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 9th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a yield of 5.7%. Vail Resorts’s payout ratio is currently 119.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MTN shares. Morgan Stanley decreased their target price on Vail Resorts from $155.00 to $146.00 and set an “equal weight” rating for the company in a research report on Wednesday. Mizuho decreased their target price on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research report on Tuesday. UBS Group decreased their target price 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. Bank of America decreased their target price on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Truist Financial decreased their target price on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $174.90.

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.