Vanguard Group Inc. Decreases Stake in Vail Resorts, Inc. $MTN

Vanguard Group Inc. lessened its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 1.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,620,340 shares of the company’s stock after selling 43,311 shares during the quarter. Vanguard Group Inc. owned 10.09% of Vail Resorts worth $541,494,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Texas Yale Capital Corp. increased its position in shares of Vail Resorts by 345.4% in the third quarter. Texas Yale Capital Corp. now owns 6,480 shares of the company’s stock worth $969,000 after acquiring an additional 5,025 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Vail Resorts by 6.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 13,539 shares of the company’s stock worth $2,025,000 after purchasing an additional 847 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Vail Resorts in the 3rd quarter valued at $91,000. Caprock Group LLC purchased a new position in Vail Resorts in the third quarter valued at about $948,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Vail Resorts during the third quarter worth about $1,060,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MTN. Morgan Stanley set a $150.00 price target on shares of Vail Resorts in a report on Friday, January 16th. JPMorgan Chase & Co. lifted their price objective on Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vail Resorts in a research note on Monday, December 29th. Barclays set a $140.00 price target on shares of Vail Resorts in a research note on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $156.00 price objective on shares of Vail Resorts in a research note on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $173.27.

Vail Resorts Stock Up 1.2%

MTN stock opened at $142.11 on Wednesday. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 8.52 and a beta of 0.81. Vail Resorts, Inc. has a 1-year low of $126.15 and a 1-year high of $175.51. The firm has a fifty day moving average price of $138.97 and a two-hundred day moving average price of $146.05. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, beating the consensus estimate of ($5.23) by $0.03. The business had revenue of $271.03 million during the quarter, compared to analyst estimates of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted ($4.61) EPS. Research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were given a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $8.88 annualized dividend and a yield of 6.2%. Vail Resorts’s dividend payout ratio (DPR) is currently 130.21%.

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.