Federated Hermes Inc. Has $30.89 Million Stake in Vail Resorts, Inc. (NYSE:MTN)

Federated Hermes Inc. trimmed its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 18.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 144,695 shares of the company's stock after selling 32,086 shares during the quarter. Federated Hermes Inc. owned approximately 0.38% of Vail Resorts worth $30,888,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bamco Inc. NY lifted its stake in Vail Resorts by 1.1% in the third quarter. Bamco Inc. NY now owns 4,721,214 shares of the company's stock valued at $1,047,590,000 after buying an additional 51,630 shares during the last quarter. Select Equity Group L.P. lifted its stake in Vail Resorts by 21.2% in the first quarter. Select Equity Group L.P. now owns 3,165,296 shares of the company's stock valued at $739,666,000 after buying an additional 553,248 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Vail Resorts by 7.9% in the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company's stock valued at $398,393,000 after buying an additional 131,170 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Vail Resorts by 9.6% in the first quarter. Macquarie Group Ltd. now owns 794,179 shares of the company's stock valued at $185,584,000 after buying an additional 69,454 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Vail Resorts by 3.8% in the first quarter. Geode Capital Management LLC now owns 564,557 shares of the company's stock valued at $131,727,000 after buying an additional 20,408 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Price Performance

NYSE:MTN traded down $10.68 during mid-day trading on Friday, reaching $202.94. 1,686,032 shares of the stock were exchanged, compared to its average volume of 449,878. The business has a fifty day moving average price of $224.95 and a 200 day moving average price of $221.31. The firm has a market capitalization of $7.71 billion, a PE ratio of 33.88, a PEG ratio of 2.15 and a beta of 1.11. Vail Resorts, Inc. has a 1-year low of $202.74 and a 1-year high of $258.13. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm earned $5.16 earnings per share. Vail Resorts's revenue was down 2.2% on a year-over-year basis. Research analysts expect that Vail Resorts, Inc. will post 7.69 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $2.22 dividend. This is a positive change from Vail Resorts's previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.38%. Vail Resorts's dividend payout ratio (DPR) is 148.25%.

Insider Activity at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the transaction, the director now owns 7,592 shares in the company, valued at approximately $1,691,269.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley raised their target price on Vail Resorts from $247.00 to $248.00 and gave the company an "equal weight" rating in a research note on Thursday, March 7th. Mizuho began coverage on Vail Resorts in a report on Tuesday, March 26th. They set a "buy" rating and a $256.00 price target on the stock. Truist Financial reissued a "buy" rating and set a $290.00 price target on shares of Vail Resorts in a report on Friday, January 19th. Stifel Nicolaus reissued a "buy" rating and set a $263.00 price target on shares of Vail Resorts in a report on Friday, March 22nd. Finally, Bank of America lowered Vail Resorts from a "buy" rating to a "neutral" rating and lowered their price target for the company from $285.00 to $250.00 in a report on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $266.33.

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.