Vail Resorts, Inc. (NYSE:MTN) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in Vail Resorts, Inc. (NYSE:MTN) by 165.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 321 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Venturi Wealth Management LLC’s holdings in Vail Resorts were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Vail Resorts in the third quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in Vail Resorts during the 3rd quarter worth about $25,000. Brown Brothers Harriman & Co. boosted its position in shares of 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 acquiring an additional 153 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of 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 acquiring an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Transactions at Vail Resorts

In other news, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $7,807,360.77. This represents a 3.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the sale, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MTN. Macquarie reiterated a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays decreased their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. Morgan Stanley lifted their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Stifel Nicolaus decreased their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $205.90.

Vail Resorts Trading Down 1.1 %

NYSE:MTN opened at $176.41 on Friday. Vail Resorts, Inc. has a 12-month low of $165.00 and a 12-month high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The stock’s 50 day simple moving average is $175.51 and its 200-day simple moving average is $180.56. The firm has a market cap of $6.61 billion, a P/E ratio of 29.26, a PEG ratio of 1.72 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The firm had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter in the previous year, the company posted ($3.35) EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.03%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s payout ratio is 147.26%.

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.