OneDigital Investment Advisors LLC Decreases Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

OneDigital Investment Advisors LLC cut its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 21.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,356 shares of the company's stock after selling 3,370 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Vail Resorts were worth $1,977,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Vail Resorts by 0.4% during the 1st 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 last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Vail Resorts during the 1st quarter valued at about $876,000. K.J. Harrison & Partners Inc purchased a new stake in shares of Vail Resorts during the 1st quarter valued at about $592,000. U S Global Investors Inc. purchased a new stake in shares of Vail Resorts during the 1st quarter valued at about $104,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Vail Resorts by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,529 shares of the company's stock valued at $4,929,000 after acquiring an additional 3,297 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTN. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Bank of America raised their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Barclays reissued an "underweight" rating and issued a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. UBS Group dropped their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Finally, Mizuho raised their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $187.20.

Vail Resorts Price Performance

Shares of MTN stock traded down $0.73 during mid-day trading on Monday, hitting $163.29. The company had a trading volume of 736,954 shares, compared to its average volume of 594,476. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The stock's 50 day moving average price is $152.13 and its 200-day moving average price is $159.30. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The company has a market capitalization of $6.07 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.02 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm earned $9.54 earnings per share. The company's quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts forecast 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 will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch bought 200 shares of the stock in a transaction dated Friday, June 20th. The shares were purchased at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the acquisition, the chief financial officer owned 3,156 shares of the company's stock, valued at $495,492. This represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company's stock.

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.