Vail Resorts, Inc. (NYSE:MTN) Director John F. Sorte sold 6,082 shares of the stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $186.98, for a total value of $1,137,212.36. Following the transaction, the director now owns 56,362 shares in the company, valued at approximately $10,538,566.76. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded down 0.04% on Monday, reaching $188.93. The company’s stock had a trading volume of 270,031 shares. The company has a 50 day moving average of $180.07 and a 200 day moving average of $165.04. The stock has a market capitalization of $7.57 billion, a P/E ratio of 40.60 and a beta of 0.47. Vail Resorts, Inc. has a 1-year low of $124.00 and a 1-year high of $194.05.
Vail Resorts (NYSE:MTN) last released its earnings results on Friday, March 10th. The company reported $3.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.37 by $0.26. The business had revenue of $725.20 million for the quarter, compared to analyst estimates of $708.73 million. Vail Resorts had a return on equity of 13.81% and a net margin of 9.14%. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 earnings per share. Equities research analysts expect that Vail Resorts, Inc. will post $5.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Wednesday, March 29th will be issued a $1.053 dividend. The ex-dividend date of this dividend is Monday, March 27th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 2.23%. This is a positive change from Vail Resorts’s previous quarterly dividend of $0.81. Vail Resorts’s payout ratio is presently 83.72%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its position in Vail Resorts by 4.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,899 shares of the company’s stock worth $306,000 after buying an additional 73 shares during the last quarter. Foundry Partners LLC raised its position in shares of Vail Resorts by 2.9% in the third quarter. Foundry Partners LLC now owns 2,700 shares of the company’s stock worth $424,000 after buying an additional 75 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Vail Resorts by 3.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,666 shares of the company’s stock worth $430,000 after buying an additional 82 shares in the last quarter. Timpani Capital Management LLC raised its position in shares of Vail Resorts by 0.3% in the third quarter. Timpani Capital Management LLC now owns 26,156 shares of the company’s stock worth $4,103,000 after buying an additional 87 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Vail Resorts by 7.4% in the third quarter. Pacer Advisors Inc. now owns 1,365 shares of the company’s stock worth $214,000 after buying an additional 94 shares in the last quarter. 93.34% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on MTN shares. MKM Partners restated a “buy” rating and issued a $180.00 price objective on shares of Vail Resorts in a report on Friday, December 9th. Wells Fargo & Co restated an “outperform” rating on shares of Vail Resorts in a report on Monday. Janney Montgomery Scott raised their price objective on Vail Resorts from $195.00 to $220.00 and gave the company a “buy” rating in a report on Monday, March 13th. Stifel Nicolaus raised their price objective on Vail Resorts from $181.00 to $205.00 and gave the company a “hold” rating in a report on Monday, March 13th. Finally, Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $209.00 price objective on the stock in a report on Wednesday, March 15th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Vail Resorts presently has an average rating of “Buy” and a consensus price target of $186.83.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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