Vail Resorts, Inc. (NYSE:MTN) Position Raised by FIL Ltd

FIL Ltd lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 60.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,381 shares of the company’s stock after acquiring an additional 7,328 shares during the period. FIL Ltd’s holdings in Vail Resorts were worth $3,633,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Vail Resorts by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company’s stock worth $696,687,000 after purchasing an additional 25,916 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Vail Resorts by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company’s stock worth $225,348,000 after buying an additional 47,417 shares in the last quarter. Geode Capital Management LLC increased its position in Vail Resorts by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock valued at $113,252,000 after acquiring an additional 8,422 shares during the period. First Pacific Advisors LP raised its stake in Vail Resorts by 12.4% during the 4th quarter. First Pacific Advisors LP now owns 522,285 shares of the company’s stock valued at $97,902,000 after acquiring an additional 57,484 shares in the last quarter. Finally, River Road Asset Management LLC boosted its position in Vail Resorts by 30.2% during the 4th quarter. River Road Asset Management LLC now owns 444,344 shares of the company’s stock worth $83,292,000 after acquiring an additional 103,033 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, with a total value of $29,600.00. Following the purchase, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective 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. Mizuho decreased their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Barclays reiterated an “underweight” rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Macquarie decreased their price target on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $193.56.

Vail Resorts Trading Up 2.0 %

Shares of MTN opened at $142.64 on Friday. 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, Inc. has a 1-year low of $129.85 and a 1-year high of $229.93. The stock has a market capitalization of $5.33 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.93 and a beta of 0.93. The business’s 50-day moving average price is $157.56 and its 200 day moving average price is $171.12.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company posted $5.76 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.23%. The ex-dividend date was Thursday, March 27th. Vail Resorts’s payout ratio is currently 130.21%.

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.