Bank of New York Mellon Corp Has $62.79 Million Stake in Vail Resorts, Inc. (NYSE:MTN)

Bank of New York Mellon Corp trimmed its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 1.05% of Vail Resorts worth $62,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VELA Investment Management LLC lifted its holdings in Vail Resorts by 27.5% in the first quarter. VELA Investment Management LLC now owns 2,425 shares of the company's stock valued at $388,000 after acquiring an additional 523 shares during the period. Impax Asset Management Group plc lifted its holdings in Vail Resorts by 3.6% in the first quarter. Impax Asset Management Group plc now owns 5,144 shares of the company's stock valued at $823,000 after acquiring an additional 177 shares during the period. Principal Financial Group Inc. lifted its holdings in Vail Resorts by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock valued at $264,686,000 after acquiring an additional 5,788 shares during the period. Teacher Retirement System of Texas acquired a new stake in Vail Resorts in the first quarter valued at $876,000. Finally, K.J. Harrison & Partners Inc acquired a new stake in Vail Resorts in the first quarter valued at $592,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Angela A. Korch acquired 200 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were acquired 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 in the company, valued at $495,492. This trade represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Stock Down 2.4%

Shares of Vail Resorts stock traded down $3.96 on Tuesday, hitting $160.15. 570,435 shares of the company's stock traded hands, compared to its average volume of 601,091. The stock has a market cap of $5.95 billion, a P/E ratio of 20.48, a PEG ratio of 2.03 and a beta of 0.91. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. The firm's 50-day moving average is $154.69 and its 200 day moving average is $158.47. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.31 billion. During the same period last year, the business posted $9.54 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's dividend payout ratio is presently 113.55%.

Analyst Ratings Changes

A number of research firms have commented on MTN. Truist Financial reduced their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a report on Friday, June 6th. Mizuho lifted their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note 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 note on Wednesday, May 28th. Finally, UBS Group cut their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $187.20.

Vail Resorts Company 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.