John F. Sorte Sells 4,688 Shares of Vail Resorts Inc. (MTN) Stock
Vail Resorts Inc. (NYSE:MTN) Director John F. Sorte sold 4,688 shares of the company’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $155.94, for a total transaction of $731,046.72. Following the transaction, the director now owns 63,147 shares in the company, valued at approximately $9,847,143.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Vail Resorts Inc. (NYSE:MTN) opened at 156.88 on Friday. Vail Resorts Inc. has a 12 month low of $103.18 and a 12 month high of $162.95. The stock’s 50 day moving average price is $159.00 and its 200-day moving average price is $141.09. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 39.12 and a beta of 0.70.
Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.67) by $0.13. The firm earned $179.88 million during the quarter. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.92) EPS. Equities research analysts predict that Vail Resorts Inc. will post $5.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be issued a $0.81 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $3.24 dividend on an annualized basis and a yield of 2.07%. Vail Resorts’s dividend payout ratio is presently 82.23%.
Institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of Vail Resorts by 3.1% in the first quarter. State Street Corp now owns 672,314 shares of the company’s stock worth $89,889,000 after buying an additional 20,470 shares in the last quarter. RS Investment Management Co. LLC bought a new position in Vail Resorts during the second quarter valued at about $18,727,000. Geode Capital Management LLC increased its position in Vail Resorts by 4.3% in the first quarter. Geode Capital Management LLC now owns 237,746 shares of the company’s stock valued at $31,786,000 after buying an additional 9,875 shares during the period. UBS Group AG increased its position in Vail Resorts by 59.1% in the first quarter. UBS Group AG now owns 23,776 shares of the company’s stock valued at $3,179,000 after buying an additional 8,833 shares during the period. Finally, Aperio Group LLC increased its position in Vail Resorts by 30.1% in the first quarter. Aperio Group LLC now owns 4,378 shares of the company’s stock valued at $585,000 after buying an additional 1,013 shares during the period. Institutional investors and hedge funds own 98.48% of the company’s stock.
Several research firms have recently issued reports on MTN. Janney Montgomery Scott restated a “buy” rating and set a $170.00 price objective on shares of Vail Resorts in a report on Tuesday. Barclays PLC restated a “buy” rating and set a $175.00 price objective on shares of Vail Resorts in a report on Tuesday. MKM Partners set a $180.00 price objective on shares of Vail Resorts and gave the company a “buy” rating in a report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 target price on Vail Resorts and gave the company a “buy” rating in a research report on Monday, September 12th. Finally, Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $153.76.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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