Cwm LLC Reduces Stake in Vail Resorts, Inc. (NYSE:MTN)

CWM LLC cut its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 78.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,194 shares of the company's stock after selling 8,051 shares during the quarter. CWM LLC's holdings in Vail Resorts were worth $395,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its position in Vail Resorts by 3.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,704 shares of the company's stock worth $364,000 after buying an additional 49 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Vail Resorts by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 257 shares of the company's stock worth $57,000 after buying an additional 56 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Vail Resorts by 2.1% during the 1st quarter. Park Avenue Securities LLC now owns 2,997 shares of the company's stock valued at $668,000 after acquiring an additional 62 shares during the period. Desjardins Global Asset Management Inc. lifted its stake 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 purchasing an additional 69 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company's stock worth $221,000 after acquiring an additional 78 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Vail Resorts Stock Up 2.7 %

MTN traded up $4.51 during trading on Wednesday, reaching $174.66. The company had a trading volume of 353,811 shares, compared to its average volume of 536,276. The company has a market cap of $6.57 billion, a P/E ratio of 23.76, a PEG ratio of 2.03 and a beta of 1.14. The business's fifty day moving average price is $177.65 and its 200 day moving average price is $201.60. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. Vail Resorts, Inc. has a 12 month low of $165.14 and a 12 month high of $254.78.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing the consensus estimate of $9.94 by ($0.40). Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.31 billion. Equities analysts anticipate that Vail Resorts, Inc. will post 6.48 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts's payout ratio is 120.82%.

Analyst Ratings Changes

MTN has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price target on Vail Resorts from $262.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, June 7th. JPMorgan Chase & Co. cut Vail Resorts from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Mizuho cut their price objective on shares of Vail Resorts from $256.00 to $231.00 and set a "buy" rating for the company in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $244.00 to $226.00 in a research note on Thursday, June 6th. Finally, Barclays lowered their price target on Vail Resorts from $201.00 to $161.00 and set an "underweight" rating for the company in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $221.50.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch acquired 575 shares of the firm's stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of $176.20 per share, for a total transaction of $101,315.00. Following the purchase, the chief financial officer now owns 1,171 shares in the company, valued at approximately $206,330.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

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.