Federated Hermes Inc. Reduces Holdings in Vail Resorts, Inc. (NYSE:MTN)

Federated Hermes Inc. lowered its stake in Vail Resorts, Inc. (NYSE:MTN) by 18.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 144,695 shares of the company’s stock after selling 32,086 shares during the quarter. Federated Hermes Inc. owned approximately 0.38% of Vail Resorts worth $30,888,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Vail Resorts by 21.8% during the first quarter. American Century Companies Inc. now owns 1,565 shares of the company’s stock valued at $407,000 after acquiring an additional 280 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Vail Resorts by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 876 shares of the company’s stock worth $228,000 after purchasing an additional 63 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Vail Resorts by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,811 shares of the company’s stock worth $471,000 after buying an additional 76 shares in the last quarter. MetLife Investment Management LLC acquired a new position in shares of Vail Resorts in the first quarter valued at approximately $672,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of Vail Resorts during the first quarter valued at approximately $691,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on MTN shares. Truist Financial reaffirmed a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a research note on Friday, January 19th. Morgan Stanley upped their target price on Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Stifel Nicolaus reissued a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research note on Friday, March 22nd. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $285.00 to $250.00 in a report on Friday, March 8th. Finally, Mizuho began coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $266.33.

Insider Activity at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Vail Resorts Trading Down 5.0 %

NYSE MTN opened at $202.94 on Friday. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.15 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. Vail Resorts, Inc. has a one year low of $202.74 and a one year high of $258.13. The company’s 50 day moving average price is $224.95 and its 200 day moving average price is $221.25.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted $5.16 EPS. The business’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.69 EPS for the current year.

Vail Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $2.22 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.38%. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio (DPR) is 148.25%.

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.