Vail Resorts, Inc. (NYSE:MTN) Stock Position Raised by Raymond James & Associates

Raymond James & Associates grew its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 25.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,642 shares of the company's stock after purchasing an additional 22,103 shares during the period. Raymond James & Associates owned approximately 0.29% of Vail Resorts worth $19,109,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MTN. Signaturefd LLC grew its holdings in Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company's stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Vail Resorts in the third quarter worth $25,000. Brown Brothers Harriman & Co. increased its position in Vail Resorts by 318.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company's stock worth $36,000 after purchasing an additional 153 shares in the last quarter. UMB Bank n.a. raised its stake in Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company's stock valued at $38,000 after purchasing an additional 121 shares during the last quarter. Finally, Canton Hathaway LLC boosted its stake in shares of Vail Resorts by 66.7% during the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company's stock worth $45,000 after purchasing an additional 100 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Robert A. Katz sold 9,296 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John F. Sorte sold 1,670 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the transaction, the director now directly owns 45,111 shares in the company, valued at approximately $7,807,360.77. The trade was a 0.00 % 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 Stock Up 0.2 %

Shares of NYSE:MTN traded up $0.29 during mid-day trading on Friday, hitting $168.22. 251,795 shares of the company traded hands, compared to its average volume of 527,265. The firm's 50 day simple moving average is $177.56 and its 200 day simple moving average is $184.75. Vail Resorts, Inc. has a 52-week low of $165.14 and a 52-week high of $236.92. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The firm has a market cap of $6.33 billion, a P/E ratio of 22.89, a PEG ratio of 1.63 and a beta of 1.13.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The company's revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.35) EPS. On average, equities analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.28%. Vail Resorts's dividend payout ratio (DPR) is presently 120.82%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTN. Morgan Stanley upped their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Macquarie reissued a "neutral" rating and set a $180.00 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. StockNews.com downgraded Vail Resorts from a "hold" rating to a "sell" rating in a research report on Friday, September 27th. Barclays dropped their target price on Vail Resorts from $161.00 to $155.00 and set an "underweight" rating for the company in a research note on Friday, September 27th. Finally, Stifel Nicolaus cut their price target on shares of Vail Resorts from $223.00 to $216.00 and set a "buy" rating on the stock in a research note on Friday, September 27th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and an average target price of $208.22.

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.