Insider Selling: Vail Resorts, Inc. (NYSE:MTN) Insider Sells 9,296 Shares of Stock

Vail Resorts, Inc. (NYSE:MTN) insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Vail Resorts Trading Down 0.5 %

NYSE:MTN opened at $173.25 on Friday. The company has a market cap of $6.52 billion, a PE ratio of 23.57, a P/E/G ratio of 1.63 and a beta of 1.13. The business’s 50 day moving average is $179.06 and its two-hundred day moving average is $190.64. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. Vail Resorts, Inc. has a 52 week low of $165.14 and a 52 week high of $236.92.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.35) EPS. On average, analysts predict that Vail Resorts, Inc. will post 7.52 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be paid a dividend of $2.22 per share. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 5.13%. Vail Resorts’s dividend payout ratio (DPR) is 120.82%.

Analyst Ratings Changes

A number of brokerages have commented on MTN. Morgan Stanley boosted their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Macquarie restated a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a research note on Wednesday. Mizuho cut their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, JPMorgan Chase & Co. cut Vail Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $217.00 to $176.00 in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $208.22.

Hedge Funds Weigh In On Vail Resorts

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in shares of Vail Resorts by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock worth $402,716,000 after purchasing an additional 17,432 shares during the last quarter. TPG GP A LLC lifted its stake in Vail Resorts by 17.4% in the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after buying an additional 133,607 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after acquiring an additional 553,337 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Vail Resorts by 5.9% during the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock valued at $98,470,000 after acquiring an additional 24,456 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Vail Resorts by 36.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after acquiring an additional 94,923 shares during the period. 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.