Vail Resorts, Inc. (NYSE:MTN) Stock Holdings Lessened by Swiss National Bank

Swiss National Bank decreased its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,300 shares of the company's stock after selling 10,100 shares during the period. Swiss National Bank owned approximately 0.31% of Vail Resorts worth $25,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. Pittenger & Anderson Inc. raised its stake in shares of Vail Resorts by 125.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company's stock valued at $26,000 after buying an additional 65 shares during the last quarter. Park Place Capital Corp raised its stake in shares of Vail Resorts by 531.6% during the 4th quarter. Park Place Capital Corp now owns 120 shares of the company's stock valued at $26,000 after buying an additional 101 shares during the last quarter. Rise Advisors LLC raised its stake in shares of Vail Resorts by 62.2% during the 4th quarter. Rise Advisors LLC now owns 159 shares of the company's stock valued at $34,000 after buying an additional 61 shares during the last quarter. Desjardins Global Asset Management Inc. raised its stake in shares of Vail Resorts by 70.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company's stock valued at $36,000 after buying an additional 69 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Vail Resorts during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Vail Resorts Price Performance

Shares of Vail Resorts stock traded up $0.84 on Thursday, hitting $196.53. 648,617 shares of the company were exchanged, compared to its average volume of 499,789. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 2.16 and a beta of 1.14. The company has a 50-day moving average price of $216.78 and a 200 day moving average price of $219.54. Vail Resorts, Inc. has a 1-year low of $188.43 and a 1-year high of $258.13. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.16 earnings per share. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.52%. This is a positive change from Vail Resorts's previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts's dividend payout ratio is presently 148.25%.

Insider Buying and Selling

In related news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction that occurred 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 directly owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on MTN. Mizuho began coverage on Vail Resorts in a research note on Tuesday, March 26th. They set a "buy" rating and a $256.00 price objective for the company. Bank of America cut Vail Resorts from a "buy" rating to a "neutral" rating and dropped their target price for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Stifel Nicolaus restated a "buy" rating and set a $263.00 target price on shares of Vail Resorts in a research report on Friday, March 22nd. JPMorgan Chase & Co. dropped their target price on Vail Resorts from $252.00 to $243.00 and set a "neutral" rating on the stock in a research report on Monday, April 22nd. Finally, Truist Financial restated a "buy" rating and set a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $260.11.

Vail Resorts Company 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.