Price T Rowe Associates Inc. MD Lowers Stake in Vail Resorts, Inc. (NYSE:MTN)

Price T Rowe Associates Inc. MD decreased its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,878 shares of the company's stock after selling 2,746 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.07% of Vail Resorts worth $4,664,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MTN. Heck Capital Advisors LLC purchased a new position in shares of Vail Resorts during the fourth quarter valued at $33,000. Blue Trust Inc. increased its position in Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after purchasing an additional 148 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of Vail Resorts in the 4th quarter valued at about $40,000. GeoWealth Management LLC lifted its position in shares of Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after purchasing an additional 83 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Macquarie decreased their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Mizuho cut their target price on 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 target price on shares of Vail Resorts in a report on Friday, April 25th. Finally, Bank of America lowered their price target on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Vail Resorts presently has an average rating of "Hold" and a consensus price target of $187.60.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 185 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following the transaction, the chief financial officer now owns 2,956 shares of the company's stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Vail Resorts Stock Performance

Shares of NYSE:MTN traded up $1.75 on Friday, hitting $145.15. 564,463 shares of the company were exchanged, compared to its average volume of 579,624. The firm has a market capitalization of $5.42 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $206.38. The stock's 50 day moving average price is $148.66 and its 200 day moving average price is $166.45.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts' consensus estimates of $6.29 by $0.27. The company 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%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.76 EPS. Sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a $2.22 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 6.12%. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

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.