Vail Resorts, Inc. (NYSE:MTN) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 976,468 shares of the company's stock after acquiring an additional 289,484 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 2.61% of Vail Resorts worth $183,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MTN. Wilmington Savings Fund Society FSB acquired a new position in shares of Vail Resorts in the third quarter valued at approximately $87,000. Inspire Trust Co. N.A. raised its holdings in Vail Resorts by 33.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 7,800 shares of the company's stock valued at $1,359,000 after acquiring an additional 1,970 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Vail Resorts during the 4th quarter worth $347,000. Green Alpha Advisors LLC boosted its holdings in shares of Vail Resorts by 101.3% during the fourth quarter. Green Alpha Advisors LLC now owns 6,112 shares of the company's stock worth $1,146,000 after purchasing an additional 3,075 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Vail Resorts in the fourth quarter valued at $40,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the purchase, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at approximately $472,960. The trade was a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Vail Resorts Stock Up 0.3 %

Shares of MTN traded up $0.47 during midday trading on Friday, reaching $140.29. 490,922 shares of the company were exchanged, compared to its average volume of 582,710. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $206.38. The stock has a 50-day moving average price of $150.26 and a 200-day moving average price of $167.46. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.93 and a beta of 0.93.

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

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's payout ratio is 130.21%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays reissued an "underweight" rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a report on Tuesday, March 11th. Mizuho cut their price target on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Morgan Stanley set a $152.00 price objective on shares of Vail Resorts in a research note on Friday, April 25th. Finally, Bank of America dropped their price objective on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $187.60.

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.