Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. cut its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 52.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,478 shares of the company's stock after selling 6,058 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in Vail Resorts were worth $1,027,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC lifted its holdings in shares of Vail Resorts by 3.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company's stock worth $398,000 after acquiring an additional 65 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Vail Resorts by 20.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock worth $74,000 after acquiring an additional 67 shares in the last quarter. Sterling Capital Management LLC raised its stake in Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after buying an additional 69 shares during the last quarter. Accretive Wealth Partners LLC raised its holdings in Vail Resorts by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company's stock worth $992,000 after buying an additional 80 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after purchasing an additional 83 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on MTN. JPMorgan Chase & Co. lifted their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Barclays reaffirmed an "underweight" rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Bank of America decreased their price objective on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a research report on Monday. Macquarie cut their target price on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Finally, Morgan Stanley lowered their price target on Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating for the company in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and a consensus price target of $190.20.

Vail Resorts Stock Up 2.1 %

Shares of MTN stock traded up $2.91 during trading hours on Wednesday, reaching $138.62. 839,754 shares of the company's stock were exchanged, compared to its average volume of 580,264. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $206.55. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The stock has a market cap of $5.18 billion, a PE ratio of 23.03, a PEG ratio of 1.93 and a beta of 0.93. The stock's fifty day moving average price is $153.52 and its two-hundred day moving average price is $169.22.

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 (EPS) for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $5.76 EPS. Vail Resorts's revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 6.41%. Vail Resorts's dividend payout ratio is currently 130.21%.

Insider Activity

In other news, CFO Angela A. Korch bought 185 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at $472,960. This trade represents a 6.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

Vail Resorts 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.