Vanguard Group Inc. Has $696.69 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Vanguard Group Inc. grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,716,657 shares of the company's stock after purchasing an additional 25,916 shares during the period. Vanguard Group Inc. owned about 9.93% of Vail Resorts worth $696,687,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Wealthfront Advisers LLC acquired a new position in Vail Resorts in the fourth quarter valued at about $42,532,000. Point72 Asset Management L.P. acquired a new position in shares of Vail Resorts in the 3rd quarter valued at approximately $35,264,000. FMR LLC lifted its holdings in shares of Vail Resorts by 1,080.8% during the 3rd quarter. FMR LLC now owns 207,809 shares of the company's stock worth $36,219,000 after acquiring an additional 190,210 shares during the period. Bamco Inc. NY boosted its position in shares of Vail Resorts by 2.7% during the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company's stock worth $903,717,000 after acquiring an additional 136,328 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Vail Resorts in the fourth quarter valued at approximately $23,170,000. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

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

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Vail Resorts Trading Down 6.5 %

MTN traded down $10.07 during trading on Friday, reaching $144.94. 914,899 shares of the company's stock were exchanged, compared to its average volume of 572,088. The firm has a fifty day moving average price of $161.95 and a two-hundred day moving average price of $173.37. The stock has a market capitalization of $5.41 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a one year low of $142.88 and a one year high of $233.57. 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 issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $6.29 by $0.27. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.76 earnings per share. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a dividend of $2.22 per share. The ex-dividend date is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.13%. Vail Resorts's dividend payout ratio (DPR) is 130.21%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial cut their target price on Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, December 10th. Barclays restated an "underweight" rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Macquarie decreased their target price on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Stifel Nicolaus increased their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, Morgan Stanley reduced their price target on shares of Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of "Hold" and an average target price of $193.56.

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.