Washington Trust Advisors Inc. Lowers Position in Vail Resorts, Inc. (NYSE:MTN)

Washington Trust Advisors Inc. reduced its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 11.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sterling Capital Management LLC lifted its holdings in shares of Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after purchasing an additional 69 shares during the last quarter. Aurora Investment Managers LLC. increased its position in Vail Resorts by 1.1% during the 1st quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock valued at $1,522,000 after buying an additional 104 shares in the last quarter. ProShare Advisors LLC increased its position in Vail Resorts by 6.7% during the 4th quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock valued at $328,000 after buying an additional 110 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Vail Resorts by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company's stock valued at $701,000 after buying an additional 110 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in Vail Resorts by 1.6% in the fourth quarter. Atria Investments Inc now owns 6,977 shares of the company's stock worth $1,308,000 after acquiring an additional 113 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

Shares of MTN traded down $0.46 during mid-day trading on Thursday, hitting $164.02. 429,266 shares of the company traded hands, compared to its average volume of 592,163. The stock has a 50-day moving average price of $151.17 and a two-hundred day moving average price of $159.98. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.98 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 1 year low of $129.85 and a 1 year high of $199.45.

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, beating 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 analysts' expectations of $1.31 billion. Vail Resorts's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.54 earnings per share. Equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Tuesday, June 24th. Vail Resorts's payout ratio is currently 113.55%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the acquisition, the chief financial officer owned 3,156 shares in the company, valued at $495,492. This represents a 6.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MTN shares. UBS Group reduced their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Barclays restated an "underweight" rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Finally, Mizuho boosted their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.