TD Asset Management Inc Cuts Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Key Points

• TD Asset Management Inc reduced its stake in Vail Resorts by 16.4%, now owning 42,666 shares valued at approximately $6.83 million.
• Several analysts have adjusted their ratings for Vail Resorts, with targets ranging from $167.00 to $244.00 and a consensus rating of "Hold."
• Vail Resorts declared a quarterly dividend of $2.22 per share, yielding 5.9%, though its payout ratio stands at 113.55%.

TD Asset Management Inc reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 16.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,666 shares of the company's stock after selling 8,391 shares during the period. TD Asset Management Inc owned 0.11% of Vail Resorts worth $6,827,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MTN. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts during the fourth quarter valued at about $33,000. Golden State Wealth Management LLC increased its holdings in Vail Resorts by 102.5% during the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after buying an additional 123 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Vail Resorts during the first quarter worth about $40,000. GAMMA Investing LLC increased its holdings in Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after buying an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC increased its holdings in Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after buying an additional 180 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch purchased 200 shares of the business's stock in a transaction dated 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 completion of the purchase, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. This represents a 6.77% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

MTN traded up $0.75 during trading on Tuesday, reaching $149.23. 106,387 shares of the company traded hands, compared to its average volume of 685,080. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The firm has a fifty day simple moving average of $158.07 and a 200 day simple moving average of $155.73. The company has a market cap of $5.54 billion, a P/E ratio of 19.08, a PEG ratio of 1.84 and a beta of 0.90.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $9.54 earnings per share. Vail Resorts's revenue was up 1.0% on a year-over-year basis. On average, equities analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were paid a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. Vail Resorts's dividend payout ratio (DPR) is currently 113.55%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price for the company in a research note on Wednesday, May 28th. UBS Group reduced their target price on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.