Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Bokf Na

Bokf Na lessened its holdings in Vail Resorts, Inc. (NYSE:MTN) by 22.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,575 shares of the company’s stock after selling 461 shares during the period. Bokf Na’s holdings in Vail Resorts were worth $283,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Alberta Investment Management Corp purchased a new stake in shares of Vail Resorts during the fourth quarter worth approximately $3,134,000. Western Pacific Wealth Management LP acquired a new position in Vail Resorts during the 4th quarter worth approximately $291,000. Mutual of America Capital Management LLC increased its position in shares of Vail Resorts by 146.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company’s stock valued at $24,946,000 after purchasing an additional 79,183 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Vail Resorts by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company’s stock valued at $696,687,000 after purchasing an additional 25,916 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Vail Resorts by 17.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock worth $5,187,000 after purchasing an additional 4,080 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Up 1.2 %

MTN stock opened at $145.15 on Friday. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The company has a fifty day moving average price of $148.66 and a 200 day moving average price of $166.45. 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 12 month low of $129.85 and a 12 month high of $206.38.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 10th. The company reported $6.56 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 during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company earned $5.76 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts’s payout ratio is currently 130.21%.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch purchased 185 shares of Vail Resorts stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at $472,960. This represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTN. Bank of America cut their price target on Vail Resorts from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. 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 report on Wednesday, March 12th. Mizuho lowered their price target on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Barclays reissued an “underweight” rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating 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. According to data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $187.60.

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.