Vanguard Group Inc. Trims Position in Vail Resorts, Inc. (NYSE:MTN)

Vanguard Group Inc. decreased its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,685,833 shares of the company's stock after selling 30,824 shares during the period. Vanguard Group Inc. owned 9.87% of Vail Resorts worth $589,807,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MTN. Sterling Capital Management LLC raised its position in shares of Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after buying an additional 69 shares in the last quarter. State of Michigan Retirement System raised its position in shares of Vail Resorts by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock valued at $1,440,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Vail Resorts by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company's stock valued at $1,680,000 after buying an additional 100 shares in the last quarter. Aurora Investment Managers LLC. raised its position in Vail Resorts by 1.1% during the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock valued at $1,522,000 after purchasing an additional 104 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in Vail Resorts by 6.7% during the fourth quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock valued at $328,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Vail Resorts Trading Up 0.7%

Shares of NYSE MTN traded up $1.04 during midday trading on Friday, hitting $153.49. 439,860 shares of the company traded hands, compared to its average volume of 509,475. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. 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 50-day moving average price of $156.95 and a 200 day moving average price of $154.52. The firm has a market cap of $5.70 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.90 and a beta of 0.90.

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, topping analysts' consensus estimates of $10.00 by $0.54. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.54 earnings per share. As a group, analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were issued a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.8%. Vail Resorts's dividend payout ratio is presently 113.55%.

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 acquisition, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This represents a 6.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on MTN shares. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a research report on Wednesday, May 28th. Mizuho upped their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Finally, Truist Financial cut their price target on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.