Vail Resorts, Inc. (NYSE:MTN) Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,654,081 shares of the company's stock after buying an additional 5,788 shares during the quarter. Principal Financial Group Inc. owned about 4.43% of Vail Resorts worth $264,686,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MTN. Norges Bank bought a new position in Vail Resorts during the 4th quarter worth $80,669,000. Point72 Asset Management L.P. grew its stake in Vail Resorts by 170.1% during the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock worth $102,427,000 after buying an additional 344,095 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in 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 during the last quarter. Wealthfront Advisers LLC bought a new position in Vail Resorts during the 4th quarter worth $42,532,000. Finally, DnB Asset Management AS acquired a new position in Vail Resorts during the 4th quarter worth $33,286,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on MTN shares. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research report on Wednesday, May 28th. Truist Financial reduced their price target on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Mizuho boosted their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Finally, Barclays reiterated an "underweight" rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and an average price target of $187.20.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 200 shares of the company's stock in a transaction that occurred on 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 purchase, the chief financial officer owned 3,156 shares of the company's stock, valued at $495,492. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

Shares of Vail Resorts stock traded down $0.73 during trading on Monday, hitting $163.29. The stock had a trading volume of 736,954 shares, compared to its average volume of 594,476. 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 firm has a market cap of $6.07 billion, a P/E ratio of 20.88, a PEG ratio of 2.02 and a beta of 0.91. The business has a fifty day moving average of $152.58 and a two-hundred day moving average of $159.16. 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 announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.54 earnings per share. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a yield of 5.44%. Vail Resorts's dividend payout ratio is currently 113.55%.

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.