Bank of New York Mellon Corp Sells 24,188 Shares of Vail Resorts, Inc. (NYSE:MTN)

Bank of New York Mellon Corp decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 5.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 392,398 shares of the company's stock after selling 24,188 shares during the period. Bank of New York Mellon Corp owned 1.05% of Vail Resorts worth $62,792,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its position in Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after purchasing an additional 69 shares during the last quarter. Aurora Investment Managers LLC. lifted its position in shares of Vail Resorts by 1.1% in the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock worth $1,522,000 after buying an additional 104 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Vail Resorts by 6.7% in the fourth quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock worth $328,000 after buying an additional 110 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Vail Resorts by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company's stock worth $701,000 after buying an additional 110 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch purchased 200 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the purchase, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. The trade was a 6.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on MTN. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research report on Wednesday, May 28th. UBS Group reduced their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Mizuho boosted their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Finally, Truist Financial reduced their price target on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Stock Performance

Shares of Vail Resorts stock traded down $4.57 during trading on Friday, reaching $165.06. The company's stock had a trading volume of 802,471 shares, compared to its average volume of 599,607. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.09 and a beta of 0.91. The business's fifty day moving average price is $154.69 and its 200-day moving average price is $158.92.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $9.54 earnings per share. The company's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.38%. Vail Resorts's dividend payout ratio is 113.55%.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.