KBC Group NV Has $258,000 Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

KBC Group NV cut its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 91.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,612 shares of the company's stock after selling 16,576 shares during the quarter. KBC Group NV's holdings in Vail Resorts were worth $258,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MTN. Bamco Inc. NY raised its stake in shares of Vail Resorts by 2.0% during the 4th quarter. Bamco Inc. NY now owns 5,290,546 shares of the company's stock worth $991,713,000 after buying an additional 105,410 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Vail Resorts by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock worth $696,687,000 after buying an additional 25,916 shares in the last quarter. TPG GP A LLC raised its stake in shares of Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after buying an additional 172,082 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after buying an additional 289,484 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Vail Resorts by 170.1% in the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after purchasing an additional 344,095 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

MTN stock traded up $1.83 during midday trading on Tuesday, reaching $164.85. The company had a trading volume of 499,145 shares, compared to its average volume of 595,114. 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 stock has a 50 day moving average price of $153.05 and a 200 day moving average price of $159.20. The firm has a market capitalization of $6.12 billion, a PE ratio of 21.08, a P/E/G ratio of 2.01 and a beta of 0.91. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last issued 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. The business 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 business's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $9.54 earnings per share. Analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.39%. Vail Resorts's payout ratio is 113.55%.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch acquired 200 shares of the business's stock in a transaction on Friday, June 20th. The shares were purchased at an average price 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 approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on MTN. Macquarie dropped their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a report on Wednesday, May 28th. Truist Financial decreased their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Finally, UBS Group reduced their target price on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.