Washington Trust Advisors Inc. Sells 2,225 Shares of Vail Resorts, Inc. (NYSE:MTN)

Washington Trust Advisors Inc. lowered its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 11.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,632 shares of the company's stock after selling 2,225 shares during the period. Washington Trust Advisors Inc.'s holdings in Vail Resorts were worth $2,661,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction dated Friday, June 20th. The stock was purchased at an average cost of $157.00 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

MTN traded up $4.09 during trading on Tuesday, hitting $161.22. 119,126 shares of the stock traded hands, compared to its average volume of 589,741. The business has a 50 day moving average price of $150.14 and a 200 day moving average price of $159.94. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.94 and a beta of 0.91. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $9.54 earnings per share. The firm's quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be issued a $2.22 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.51%. Vail Resorts's payout ratio is 113.55%.

Analyst Upgrades and Downgrades

A number of analysts have commented on MTN shares. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research note on Wednesday, May 28th. Bank of America boosted their price target on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Mizuho upped their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Finally, Barclays restated an "underweight" rating and set a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. One equities 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 currently has a consensus rating of "Hold" and a consensus price target of $187.20.

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.