Patricia A. Campbell Sells 291 Shares of Vail Resorts Inc. (MTN) Stock
Vail Resorts Inc. (NYSE:MTN) insider Patricia A. Campbell sold 291 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $157.09, for a total transaction of $45,713.19. Following the completion of the sale, the insider now directly owns 19,593 shares of the company’s stock, valued at approximately $3,077,864.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Vail Resorts Inc. (NYSE:MTN) opened at 154.07 on Wednesday. The firm has a market cap of $5.57 billion, a PE ratio of 38.42 and a beta of 0.66. The firm has a 50-day moving average of $158.88 and a 200-day moving average of $142.57. Vail Resorts Inc. has a 52 week low of $106.70 and a 52 week high of $162.95.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.67) by $0.13. The firm earned $179.88 million during the quarter. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.92) EPS. On average, analysts expect that Vail Resorts Inc. will post $5.08 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, October 7th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $3.24 annualized dividend and a dividend yield of 2.10%. Vail Resorts’s dividend payout ratio is currently 82.23%.
MTN has been the subject of several recent analyst reports. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $170.00 target price on shares of Vail Resorts in a research note on Tuesday, September 27th. Barclays PLC reissued a “buy” rating and set a $175.00 price objective on shares of Vail Resorts in a research report on Tuesday, September 27th. MKM Partners set a $180.00 price objective on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price objective on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $153.76.
Hedge funds have recently added to or reduced their stakes in the stock. Miles Capital Inc. raised its stake in Vail Resorts by 1.5% in the second quarter. Miles Capital Inc. now owns 2,010 shares of the company’s stock valued at $278,000 after buying an additional 29 shares in the last quarter. Foundry Partners LLC raised its stake in Vail Resorts by 2.9% in the third quarter. Foundry Partners LLC now owns 2,700 shares of the company’s stock valued at $424,000 after buying an additional 75 shares in the last quarter. Calvert Investment Management Inc. raised its stake in Vail Resorts by 7.5% in the second quarter. Calvert Investment Management Inc. now owns 2,105 shares of the company’s stock valued at $291,000 after buying an additional 146 shares in the last quarter. Williams Jones & Associates LLC raised its stake in Vail Resorts by 2.7% in the second quarter. Williams Jones & Associates LLC now owns 5,690 shares of the company’s stock valued at $787,000 after buying an additional 150 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Vail Resorts by 3.5% in the second quarter. Fifth Third Bancorp now owns 7,148 shares of the company’s stock valued at $988,000 after buying an additional 240 shares in the last quarter. Institutional investors own 98.42% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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