Geode Capital Management LLC Cuts Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Geode Capital Management LLC lessened its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 646,370 shares of the company's stock after selling 3,254 shares during the quarter. Geode Capital Management LLC owned approximately 1.73% of Vail Resorts worth $121,199,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. HighPoint Advisor Group LLC bought a new stake in shares of Vail Resorts in the 4th quarter worth $279,000. B. Metzler seel. Sohn & Co. AG increased its position in shares of Vail Resorts by 57.5% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 10,405 shares of the company's stock valued at $1,950,000 after acquiring an additional 3,797 shares during the last quarter. Wellington Management Group LLP bought a new stake in Vail Resorts during the fourth quarter worth $224,000. CIBC Private Wealth Group LLC boosted its position in Vail Resorts by 84.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 51,746 shares of the company's stock worth $9,322,000 after purchasing an additional 23,712 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Vail Resorts by 57.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 312,232 shares of the company's stock valued at $58,528,000 after purchasing an additional 114,207 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

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

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Analysts Set New Price Targets

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

Vail Resorts Trading Down 0.5 %

Shares of NYSE:MTN traded down $0.71 on Monday, reaching $141.88. 29,440 shares of the company traded hands, compared to its average volume of 579,862. The stock has a market capitalization of $5.30 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $229.93. The business's 50-day simple moving average is $157.56 and its 200 day simple moving average is $171.00. 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 (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $5.76 EPS. Vail Resorts's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were given a $2.22 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 6.26%. Vail Resorts's dividend payout ratio is 130.21%.

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.