Geode Capital Management LLC raised its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 1.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 649,624 shares of the company's stock after buying an additional 8,422 shares during the quarter. Geode Capital Management LLC owned about 1.73% of Vail Resorts worth $113,252,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company's stock worth $25,000 after buying an additional 83 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Vail Resorts in the 3rd quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Vail Resorts in the 3rd quarter worth about $25,000. Brown Brothers Harriman & Co. boosted its position in shares of Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company's stock worth $36,000 after buying an additional 153 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company's stock worth $38,000 after buying an additional 121 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.
Vail Resorts Stock Down 3.7 %
NYSE MTN traded down $7.06 on Wednesday, reaching $182.13. The company had a trading volume of 521,491 shares, compared to its average volume of 531,118. The firm has a market capitalization of $6.82 billion, a PE ratio of 30.25, a P/E/G ratio of 2.22 and a beta of 1.14. Vail Resorts, Inc. has a 1 year low of $165.00 and a 1 year high of $236.92. The firm has a 50-day moving average of $178.07 and a 200-day moving average of $178.78. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.71.
Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping analysts' consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same quarter last year, the company earned ($4.60) earnings per share. The business's quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that Vail Resorts, Inc. will post 7.49 EPS for the current fiscal year.
Vail Resorts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Thursday, December 26th. Vail Resorts's payout ratio is currently 147.51%.
Wall Street Analysts Forecast Growth
MTN has been the subject of several analyst reports. Mizuho boosted their target price on shares of Vail Resorts from $222.00 to $227.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. StockNews.com raised shares of Vail Resorts from a "sell" rating to a "hold" rating in a research note on Friday, December 13th. Truist Financial dropped their target price on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday, December 10th. Barclays increased their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley increased their target price on shares of Vail Resorts from $182.00 to $197.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $205.50.
Check Out Our Latest Report on Vail Resorts
Insider Transactions at Vail Resorts
In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of Vail Resorts stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the transaction, the director now owns 45,111 shares of the company's stock, valued at $7,807,360.77. The trade was a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction on Wednesday, October 2nd. The stock was 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 directly owns 245,961 shares of the company's stock, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.
Vail Resorts Profile
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Free Report)
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.
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