Epoch Investment Partners Inc. Has $51.30 Million Position in Vail Resorts, Inc. $MTN

Key Points

• Epoch Investment Partners Inc. has reduced its stake in Vail Resorts by 7.0%, now holding 320,566 shares worth approximately $51.3 million.
• The company recently announced a quarterly dividend of $2.22 per share, representing a 5.6% yield, despite having a high dividend payout ratio of 113.55%.
• Vail Resorts stock is currently rated as a "Hold" by analysts, with a consensus target price of $187.20, following various adjustments from institutions like Deutsche Bank and UBS Group.

Epoch Investment Partners Inc. lessened its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,566 shares of the company's stock after selling 23,975 shares during the period. Epoch Investment Partners Inc. owned approximately 0.86% of Vail Resorts worth $51,297,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SouthState Corp bought a new stake in Vail Resorts in the 1st quarter valued at approximately $29,000. Heck Capital Advisors LLC bought a new stake in Vail Resorts in the 4th quarter valued at approximately $33,000. Golden State Wealth Management LLC lifted its stake in Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Vail Resorts in the 1st quarter valued at approximately $40,000. Finally, GAMMA Investing LLC increased its position in shares of Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the transaction, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Vail Resorts Price Performance

Shares of NYSE:MTN traded down $0.13 during trading on Friday, reaching $163.89. 301,645 shares of the company traded hands, compared to its average volume of 476,498. The company's 50 day moving average is $157.94 and its two-hundred day moving average is $154.02. The firm has a market capitalization of $6.09 billion, a PE ratio of 20.96, a PEG ratio of 2.03 and a beta of 0.90. 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, 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 released its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.The company's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $9.54 EPS. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio is currently 113.55%.

Wall Street Analysts Forecast Growth

MTN has been the topic of several recent analyst reports. UBS Group lowered their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Mizuho boosted their target price on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Finally, Truist Financial decreased their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $187.20.

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.