California Public Employees Retirement System Has $12.54 Million Stock Position in Vail Resorts, Inc. (NYSE:MTN)

California Public Employees Retirement System lessened its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,899 shares of the company's stock after selling 4,901 shares during the period. California Public Employees Retirement System owned about 0.18% of Vail Resorts worth $12,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Miracle Mile Advisors LLC lifted its stake in Vail Resorts by 3.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company's stock valued at $398,000 after acquiring an additional 65 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Vail Resorts by 20.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock worth $74,000 after purchasing an additional 67 shares in the last quarter. Accretive Wealth Partners LLC lifted its position in shares of Vail Resorts by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company's stock worth $992,000 after purchasing an additional 80 shares in the last quarter. UMB Bank n.a. boosted its holdings in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after purchasing an additional 83 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its position in Vail Resorts by 6.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company's stock valued at $277,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

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Vail Resorts Stock Performance

MTN stock traded down $7.83 during midday trading on Monday, reaching $137.42. 1,051,359 shares of the company were exchanged, compared to its average volume of 574,745. Vail Resorts, Inc. has a one year low of $134.68 and a one year high of $233.57. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The business has a 50-day moving average price of $161.18 and a two-hundred day moving average price of $172.88. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping the consensus estimate of $6.29 by $0.27. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts'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. Equities research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a dividend of $2.22 per share. The ex-dividend date is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.46%. Vail Resorts's dividend payout ratio (DPR) is currently 130.21%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities analysts have recently commented on MTN shares. Macquarie reduced their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. increased their price target on Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a research report on Tuesday, March 11th. Morgan Stanley lowered their price target on Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. Mizuho cut their price objective on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Finally, Barclays reissued an "underweight" rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $193.56.

About Vail Resorts

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.