Tpg Gp A LLC Reduces Position in Vail Resorts, Inc. $MTN

Key Points

• Tpg Gp A LLC reduced its stake in Vail Resorts, Inc. by 30.6%, leaving them with 718,869 shares after selling 317,618 shares in the first quarter.
• Vail Resorts announced a quarterly dividend of $2.22 per share, yielding 5.4%, although its payout ratio is high at 113.55%.
• In its latest quarterly earnings report, Vail Resorts topped expectations with earnings of $10.54 per share, exceeding the consensus estimate by $0.54.

TPG GP A LLC decreased its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 30.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 718,869 shares of the company's stock after selling 317,618 shares during the quarter. Vail Resorts comprises 2.3% of TPG GP A LLC's holdings, making the stock its 7th largest position. TPG GP A LLC owned 1.93% of Vail Resorts worth $115,033,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY lifted its stake in shares of Vail Resorts by 2.0% in the 4th quarter. Bamco Inc. NY now owns 5,290,546 shares of the company's stock valued at $991,713,000 after purchasing an additional 105,410 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Vail Resorts by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after purchasing an additional 5,788 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Vail Resorts by 7.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company's stock worth $206,252,000 after acquiring an additional 86,735 shares in the last quarter. First Pacific Advisors LP boosted its position in shares of Vail Resorts by 54.2% during the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock worth $128,910,000 after acquiring an additional 283,299 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of 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 acquiring an additional 344,095 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Vail Resorts Stock Down 1.6%

Shares of NYSE MTN traded down $2.67 during midday trading on Wednesday, reaching $159.07. 653,904 shares of the company's stock were exchanged, compared to its average volume of 431,298. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The stock has a market capitalization of $5.91 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.03 and a beta of 0.87. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The business's fifty day moving average price is $158.21 and its two-hundred day moving average price is $153.94.

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 firm 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%.Vail Resorts's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $9.54 earnings per share. Analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's payout ratio is presently 113.55%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CFO Angela A. Korch bought 200 shares of the firm's stock in a transaction on Friday, June 20th. The stock was bought at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the purchase, the chief financial officer directly owned 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

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.