TD Private Client Wealth LLC Lowers Stock Position in Vail Resorts, Inc. (NYSE:MTN)

TD Private Client Wealth LLC reduced its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 88.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,676 shares of the company's stock after selling 12,530 shares during the quarter. TD Private Client Wealth LLC's holdings in Vail Resorts were worth $268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Vail Resorts by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock valued at $696,687,000 after purchasing an additional 25,916 shares in the last quarter. Trexquant Investment LP acquired a new position in Vail Resorts in the fourth quarter valued at approximately $5,869,000. Sciencast Management LP acquired a new position in Vail Resorts in the fourth quarter valued at approximately $807,000. Blueshift Asset Management LLC boosted its holdings in Vail Resorts by 493.8% in the fourth quarter. Blueshift Asset Management LLC now owns 7,619 shares of the company's stock valued at $1,428,000 after purchasing an additional 6,336 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Vail Resorts by 27,955.2% in the first quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock valued at $6,914,000 after purchasing an additional 43,051 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of $157.00 per share, with a total value of $31,400.00. Following the purchase, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MTN. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. UBS Group reduced their price objective 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. Truist Financial reduced 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. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective for the company in a research note on Wednesday, May 28th. Finally, Bank of America boosted their price objective on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. 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, Vail Resorts has a consensus rating of "Hold" and a consensus price target of $187.20.

Vail Resorts Price Performance

NYSE:MTN traded down $4.57 during trading hours on Friday, hitting $165.06. The company's stock had a trading volume of 802,471 shares, compared to its average volume of 599,607. The business's 50-day moving average is $154.69 and its two-hundred day moving average is $158.92. The company has a market capitalization of $6.13 billion, a PE ratio of 21.11, a PEG ratio of 2.09 and a beta of 0.91. 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 52-week low of $129.85 and a 52-week high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last released 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 firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. Vail Resorts's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.54 earnings per share. As a group, research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is 113.55%.

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.