Vanguard Group Inc. Has $810.11 Million Holdings in Vail Resorts, Inc. (NYSE:MTN)

Vanguard Group Inc. lowered its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,794,941 shares of the company's stock after selling 31,994 shares during the quarter. Vanguard Group Inc. owned 9.99% of Vail Resorts worth $810,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Park Place Capital Corp increased its position in Vail Resorts by 531.6% during the 4th quarter. Park Place Capital Corp now owns 120 shares of the company's stock valued at $26,000 after purchasing an additional 101 shares during the period. Rise Advisors LLC grew its position in shares of Vail Resorts by 62.2% in the 4th quarter. Rise Advisors LLC now owns 159 shares of the company's stock worth $34,000 after buying an additional 61 shares during the last quarter. Quarry LP purchased a new position in shares of Vail Resorts in the 4th quarter worth approximately $35,000. Desjardins Global Asset Management Inc. grew its position in shares of Vail Resorts by 70.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company's stock worth $36,000 after buying an additional 69 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Vail Resorts in the 4th quarter worth approximately $45,000. Institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Stifel Nicolaus decreased their price objective on shares of Vail Resorts from $262.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, June 7th. Bank of America cut shares of Vail Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Mizuho decreased their target price on shares of Vail Resorts from $256.00 to $231.00 and set a "buy" rating for the company in a research note on Friday, June 7th. Finally, Morgan Stanley decreased their target price on shares of Vail Resorts from $229.00 to $179.00 and set an "equal weight" rating for the company in a research note on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $221.50.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch bought 575 shares of Vail Resorts stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of $176.20 per share, with a total value of $101,315.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,171 shares in the company, valued at $206,330.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Trading Down 0.2 %

NYSE MTN traded down $0.32 during trading hours on Friday, reaching $179.56. The company had a trading volume of 762,328 shares, compared to its average volume of 848,165. The stock has a 50-day moving average of $194.51 and a 200 day moving average of $213.04. Vail Resorts, Inc. has a 1-year low of $165.14 and a 1-year high of $254.78. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $6.76 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 2.91 and a beta of 1.14.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing analysts' consensus estimates of $9.94 by ($0.40). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.31 billion. As a group, research analysts anticipate that Vail Resorts, Inc. will post 6.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 4.95%. Vail Resorts's dividend payout ratio is presently 120.82%.

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.