Diamond Hill Capital Management Inc. Sells 10,106 Shares of Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Diamond Hill Capital Management Inc. decreased its shares in Vail Resorts by 10.9%, owning 82,238 shares worth approximately $13.16 million after selling 10,106 shares during the first quarter.
• CFO Angela A. Korch acquired 200 shares of Vail Resorts stock, increasing her ownership by 6.77% and bringing her total holdings to valued approximately $495,492.
• Vail Resorts announced a quarterly dividend of $2.22 per share, with an annualized dividend yield of 5.53% despite a payout ratio of 113.55%.

Diamond Hill Capital Management Inc. lowered its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 10.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,238 shares of the company's stock after selling 10,106 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.22% of Vail Resorts worth $13,160,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Blume Capital Management Inc. increased its holdings in shares of Vail Resorts by 66,200.0% in the first quarter. Blume Capital Management Inc. now owns 2,652 shares of the company's stock valued at $424,000 after buying an additional 2,648 shares in the last quarter. Abel Hall LLC acquired a new stake in Vail Resorts during the 1st quarter valued at $244,000. Oak Thistle LLC acquired a new stake in Vail Resorts during the 1st quarter valued at $283,000. KLP Kapitalforvaltning AS raised its stake in Vail Resorts by 5.1% during the 1st quarter. KLP Kapitalforvaltning AS now owns 8,300 shares of the company's stock valued at $1,344,000 after purchasing an additional 400 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Vail Resorts during the 1st quarter valued at $1,397,000. Institutional investors own 94.90% of the company's stock.

Vail Resorts Stock Up 0.4%

Shares of NYSE:MTN traded up $0.68 on Monday, reaching $161.24. The company had a trading volume of 74,474 shares, compared to its average volume of 690,323. The stock has a market capitalization of $5.99 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.98 and a beta of 0.91. The stock has a 50-day moving average price of $157.63 and a 200 day moving average price of $156.93. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share 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 during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company earned $9.54 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts expect 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 Wednesday, July 9th. Investors of record on Tuesday, June 24th were issued a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.51%. Vail Resorts's dividend payout ratio (DPR) is currently 113.55%.

Insiders Place Their Bets

In related news, CFO Angela A. Korch bought 200 shares of Vail Resorts stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Bank of America boosted their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Mizuho upped their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a research note on Wednesday, May 28th. Finally, UBS Group dropped their price target on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and a consensus price target of $187.20.

About Vail Resorts

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.