Angela A. Korch Acquires 200 Shares of Vail Resorts, Inc. (NYSE:MTN) Stock

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) CFO Angela A. Korch acquired 200 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of $157.00 per share, with a total value of $31,400.00. Following the completion of the acquisition, the chief financial officer now owns 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Vail Resorts Price Performance

NYSE:MTN traded up $2.16 during trading hours on Thursday, hitting $157.09. The stock had a trading volume of 622,382 shares, compared to its average volume of 594,469. The company has a 50 day simple moving average of $149.28 and a two-hundred day simple moving average of $160.89. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.91 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.54. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $9.54 EPS. Research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is currently 113.55%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group cut their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Macquarie cut their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective for the company in a report on Wednesday, May 28th. Mizuho raised their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Vail Resorts presently has an average rating of "Hold" and a consensus target price of $187.20.

Institutional Trading of Vail Resorts

Several institutional investors and hedge funds have recently made changes to their positions in MTN. Principal Securities Inc. raised its position in shares of Vail Resorts by 15.2% during the 4th quarter. Principal Securities Inc. now owns 1,694 shares of the company's stock valued at $318,000 after buying an additional 223 shares in the last quarter. Allworth Financial LP raised its position in shares of Vail Resorts by 375.5% during the 4th quarter. Allworth Financial LP now owns 661 shares of the company's stock valued at $124,000 after buying an additional 522 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Vail Resorts during the 4th quarter valued at $225,000. Global Retirement Partners LLC raised its position in shares of Vail Resorts by 30.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,168 shares of the company's stock valued at $219,000 after buying an additional 270 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Vail Resorts during the 4th quarter valued at $3,674,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

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.