Texas Yale Capital Corp. Sells 4,770 Shares of Vail Resorts, Inc. $MTN

Texas Yale Capital Corp. reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 73.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,710 shares of the company’s stock after selling 4,770 shares during the quarter. Texas Yale Capital Corp.’s holdings in Vail Resorts were worth $227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in Vail Resorts by 2.9% in the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after purchasing an additional 3,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Vail Resorts by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock worth $23,721,000 after purchasing an additional 2,824 shares in the last quarter. Prudential Financial Inc. raised its holdings in Vail Resorts by 24.1% in the second quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock worth $525,000 after purchasing an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Vail Resorts in the second quarter worth about $2,119,000. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $133.71 on Tuesday. The business’s 50 day moving average price is $127.65 and its 200 day moving average price is $135.64. The firm has a market cap of $4.76 billion, a P/E ratio of 21.81, a P/E/G ratio of 11.29 and a beta of 0.72. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $172.00. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. Vail Resorts’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.56 EPS. On average, sell-side analysts expect that Vail Resorts, Inc. will post 4.79 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.6%. The ex-dividend date was Thursday, March 26th. Vail Resorts’s dividend payout ratio is currently 144.86%.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch acquired 190 shares of the stock in a transaction on Monday, March 16th. The shares were acquired at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the transaction, the chief financial officer owned 5,539 shares in the company, valued at approximately $730,317.15. This trade represents a 3.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Katz acquired 37,500 shares of the stock in a transaction on Monday, March 16th. The stock was bought at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the transaction, the chief executive officer owned 285,312 shares in the company, valued at approximately $37,606,974.72. This represents a 15.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

MTN has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Vail Resorts from $172.00 to $156.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. BNP Paribas Exane reiterated an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $159.00 to $151.00 and set a “hold” rating for the company in a report on Friday, March 6th. UBS Group dropped their price target on Vail Resorts from $169.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Finally, Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $161.82.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.