Vail Resorts, Inc. (NYSE:MTN) Position Boosted by Capital International Investors

Capital International Investors increased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 0.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,631,244 shares of the company’s stock after purchasing an additional 292 shares during the quarter. Capital International Investors owned 9.70% of Vail Resorts worth $680,677,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTN. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts in the fourth quarter valued at $33,000. Blue Trust Inc. grew its holdings in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after acquiring an additional 148 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth $40,000. UMB Bank n.a. lifted its holdings in shares of Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after purchasing an additional 83 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its position 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 valued at $74,000 after purchasing an additional 67 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch acquired 185 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. The trade was a 6.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MTN. JPMorgan Chase & Co. upped their price objective on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research note on Tuesday, March 11th. Macquarie decreased their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Barclays reiterated 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. Morgan Stanley decreased their target price on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. Finally, Mizuho dropped their price target on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $193.56.

Vail Resorts Stock Performance

Shares of MTN stock opened at $138.21 on Friday. The firm has a market cap of $5.16 billion, a P/E ratio of 22.96, a PEG ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $212.54. The stock’s 50-day moving average is $154.76 and its two-hundred day moving average is $169.80.

Vail Resorts (NYSE:MTN) last posted its 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 firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company earned $5.76 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced 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. This represents a $8.88 annualized dividend and a yield of 6.43%. The ex-dividend date was Thursday, March 27th. Vail Resorts’s payout ratio is 130.21%.

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.