Vail Resorts Inc. (MTN) Insider Patricia A. Campbell Sells 4,822 Shares
Vail Resorts Inc. (NYSE:MTN) insider Patricia A. Campbell sold 4,822 shares of the business’s stock in a transaction on Friday, October 14th. The stock was sold at an average price of $153.93, for a total transaction of $742,250.46. Following the completion of the sale, the insider now owns 16,593 shares in the company, valued at approximately $2,554,160.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Vail Resorts Inc. (NYSE:MTN) opened at 155.27 on Wednesday. Vail Resorts Inc. has a 52-week low of $107.99 and a 52-week high of $162.95. The firm’s 50-day moving average price is $158.06 and its 200 day moving average price is $143.37. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 38.72 and a beta of 0.66.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by $0.13. The firm had revenue of $179.88 million for the quarter. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. Vail Resorts’s 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. On average, equities research analysts forecast that Vail Resorts Inc. will post $5.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.81 per share. The ex-dividend date is Wednesday, October 5th. This represents a $3.24 annualized dividend and a yield of 2.09%. Vail Resorts’s dividend payout ratio is presently 82.23%.
A number of large investors have recently made changes to their positions in MTN. Pacer Advisors Inc. increased 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 last quarter. Corundum Group Inc. bought a new stake in shares of Vail Resorts during the second quarter valued at $207,000. BlueMountain Capital Management LLC bought a new stake in shares of Vail Resorts during the first quarter valued at $210,000. FineMark National Bank & Trust increased 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 last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Vail Resorts during the second quarter valued at $223,000. Institutional investors own 98.38% of the company’s stock.
Several brokerages recently weighed in on MTN. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, August 24th. MKM Partners set a $180.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Monday, September 12th. KeyCorp boosted their price target on shares of Vail Resorts from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 23rd. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $170.00 price target (up previously from $153.00) on shares of Vail Resorts in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $153.76.
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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