Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,783 shares of the company's stock after selling 7,557 shares during the period. Legal & General Group Plc owned about 0.16% of Vail Resorts worth $11,394,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MTN. Vanguard Group Inc. lifted its holdings in Vail Resorts by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock valued at $696,687,000 after acquiring an additional 25,916 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Vail Resorts by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company's stock valued at $225,348,000 after purchasing an additional 47,417 shares during the period. Geode Capital Management LLC lifted its stake in shares of Vail Resorts by 1.3% in the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company's stock valued at $113,252,000 after purchasing an additional 8,422 shares during the period. First Pacific Advisors LP boosted its holdings in Vail Resorts by 12.4% during the fourth quarter. First Pacific Advisors LP now owns 522,285 shares of the company's stock worth $97,902,000 after buying an additional 57,484 shares in the last quarter. Finally, River Road Asset Management LLC grew its position in Vail Resorts by 30.2% during the fourth quarter. River Road Asset Management LLC now owns 444,344 shares of the company's stock worth $83,292,000 after buying an additional 103,033 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MTN shares. Barclays reiterated an "underweight" rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Morgan Stanley decreased their target price 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. Macquarie lowered their target price on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. lifted their price target on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 11th. Finally, Mizuho lowered their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $190.20.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch bought 185 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares of the company's stock, valued at $472,960. The trade was a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Vail Resorts Trading Up 1.6 %

Shares of NYSE:MTN traded up $2.08 during trading on Tuesday, reaching $135.61. The stock had a trading volume of 767,795 shares, compared to its average volume of 579,225. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The stock has a market cap of $5.06 billion, a P/E ratio of 22.53, a PEG ratio of 1.93 and a beta of 0.93. The business has a fifty day moving average price of $153.52 and a 200-day moving average price of $169.22. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $206.55.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $5.76 EPS. Vail Resorts's revenue was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date was Thursday, March 27th. Vail Resorts's 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.