Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Alberta Investment Management Corp purchased a new stake in shares of Vail Resorts during the fourth quarter valued at about $3,134,000. Western Pacific Wealth Management LP acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $291,000. Mutual of America Capital Management LLC grew its holdings in Vail Resorts by 146.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company's stock worth $24,946,000 after purchasing an additional 79,183 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Vail Resorts by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock worth $696,687,000 after purchasing an additional 25,916 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Vail Resorts by 17.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock valued at $5,187,000 after purchasing an additional 4,080 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MTN shares. Mizuho decreased their price target on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Macquarie lowered their target price on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Morgan Stanley set a $152.00 target price on shares of Vail Resorts in a research report on Friday, April 25th. Bank of America decreased their price target on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, Barclays reissued an "underweight" rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $187.60.

Vail Resorts Stock Performance

Vail Resorts stock traded up $1.75 during midday trading on Friday, hitting $145.15. 564,463 shares of the company were exchanged, compared to its average volume of 579,308. The business has a fifty day simple moving average of $148.66 and a two-hundred day simple moving average of $166.46. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The firm has a market capitalization of $5.42 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $206.38.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts' consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $5.76 EPS. On average, sell-side analysts forecast 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 Thursday, April 10th. Investors of record on Thursday, March 27th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's payout ratio is 130.21%.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch bought 185 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at $472,960. This trade represents a 6.68 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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.