Patricia A. Campbell Sells 291 Shares of Vail Resorts Inc. (MTN) Stock
Vail Resorts Inc. (NYSE:MTN) insider Patricia A. Campbell sold 291 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $157.09, for a total transaction of $45,713.19. Following the completion of the transaction, the insider now directly owns 19,593 shares in the company, valued at approximately $3,077,864.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Vail Resorts Inc. (NYSE:MTN) opened at 153.34 on Friday. The firm has a market capitalization of $5.55 billion, a PE ratio of 38.24 and a beta of 0.66. Vail Resorts Inc. has a 1-year low of $107.79 and a 1-year high of $162.95. The company has a 50 day moving average of $158.50 and a 200 day moving average of $142.73.
Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, September 26th. The company reported ($1.80) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by $0.13. The firm earned $179.88 million during the quarter. Vail Resorts had a net margin of 9.35% and a return on equity of 17.22%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted ($1.92) earnings per share. Analysts forecast 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. Investors 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 annualized dividend and a yield of 2.11%. Vail Resorts’s dividend payout ratio (DPR) is 82.23%.
A number of research analysts have recently issued reports on the stock. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $170.00 price objective (up previously from $153.00) on shares of Vail Resorts in a research report on Wednesday, August 10th. Barclays PLC reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Vail Resorts in a research report on Tuesday, September 27th. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Wednesday, August 24th. MKM Partners set a $180.00 price objective on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Finally, Credit Suisse Group AG set a $153.00 price objective on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $153.76.
A number of hedge funds have recently modified their holdings of MTN. Pacer Advisors Inc. boosted its stake in shares of Vail Resorts by 502.4% in the second quarter. Pacer Advisors Inc. now owns 1,271 shares of the company’s stock valued at $176,000 after buying an additional 1,060 shares during the period. Corundum Group Inc. purchased a new stake in shares of Vail Resorts during the second quarter valued at $207,000. BlueMountain Capital Management LLC purchased a new stake in shares of Vail Resorts during the first quarter valued at $210,000. FineMark National Bank & Trust boosted its stake in shares of Vail Resorts by 20,025.0% in the second quarter. FineMark National Bank & Trust now owns 1,610 shares of the company’s stock valued at $223,000 after buying an additional 1,602 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Vail Resorts during the second quarter valued at $223,000. 98.42% of the stock is currently owned by hedge funds and other institutional investors.
About Vail Resorts
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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