Northern Trust Corp Purchases 64,079 Shares of Vail Resorts, Inc. (NYSE:MTN)

Northern Trust Corp boosted its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 331,027 shares of the company's stock after purchasing an additional 64,079 shares during the quarter. Northern Trust Corp owned approximately 0.88% of Vail Resorts worth $62,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTN. Heck Capital Advisors LLC acquired a new stake in shares of Vail Resorts during the 4th quarter worth $33,000. Blue Trust Inc. lifted its stake in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after purchasing an additional 148 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Vail Resorts during the 4th quarter worth about $40,000. GeoWealth Management LLC raised its holdings in Vail Resorts by 162.2% in the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after buying an additional 180 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MTN shares. JPMorgan Chase & Co. lifted their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Bank of America dropped their target price on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Macquarie dropped their price target on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Barclays reiterated an "underweight" rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Finally, Mizuho cut their price objective on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $187.60.

Insider Buying and Selling

In related news, CFO Angela A. Korch acquired 185 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares of the company's stock, valued at approximately $472,960. This trade represents a 6.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Vail Resorts Price Performance

Shares of NYSE:MTN traded up $5.58 during trading on Monday, hitting $149.91. 75,459 shares of the company were exchanged, compared to its average volume of 577,673. The business's 50 day moving average is $148.66 and its 200-day moving average is $166.44. The company has a market capitalization of $5.60 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $206.38. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $5.76 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 5.92%. Vail Resorts's payout ratio is 130.21%.

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.