Patricia A. Campbell Sells 4,822 Shares of Vail Resorts Inc. (MTN) Stock
Vail Resorts Inc. (NYSE:MTN) insider Patricia A. Campbell sold 4,822 shares of the stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $153.93, for a total value of $742,250.46. Following the completion of the sale, the insider now owns 16,593 shares in the company, valued at $2,554,160.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Vail Resorts Inc. (NYSE:MTN) traded up 1.36% during mid-day trading on Tuesday, hitting $155.27. The stock had a trading volume of 407,556 shares. Vail Resorts Inc. has a 52-week low of $107.99 and a 52-week high of $162.95. The firm has a 50-day moving average of $158.16 and a 200-day moving average of $143.20. The stock has a market cap of $5.62 billion, a P/E ratio of 38.72 and a beta of 0.66.
Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.67) by $0.13. The firm earned $179.88 million during the quarter. Vail Resorts had a net margin of 9.35% and a return on equity of 17.22%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.92) earnings per share. On average, analysts forecast that Vail Resorts Inc. will post $5.08 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, October 5th. Vail Resorts’s payout ratio is 82.23%.
Several brokerages recently issued reports on MTN. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Janney Montgomery Scott reissued a “buy” rating and issued a $170.00 price objective (up previously from $153.00) on shares of Vail Resorts in a research note on Wednesday, August 10th. Barclays PLC reissued a “buy” rating and issued a $175.00 price objective on shares of Vail Resorts in a research note on Tuesday, September 27th. KeyCorp increased their price objective on Vail Resorts from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 23rd. Finally, Credit Suisse Group AG set a $153.00 price objective on Vail Resorts and gave the stock a “buy” rating in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $153.76.
Hedge funds have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its stake in shares of Vail Resorts by 21.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,124,215 shares of the company’s stock worth $150,308,000 after buying an additional 197,652 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Vail Resorts by 1,166.7% in the second quarter. Alliancebernstein L.P. now owns 779,530 shares of the company’s stock worth $107,754,000 after buying an additional 717,990 shares during the last quarter. Waddell & Reed Financial Inc. raised its stake in shares of Vail Resorts by 0.4% in the second quarter. Waddell & Reed Financial Inc. now owns 676,050 shares of the company’s stock worth $93,451,000 after buying an additional 2,600 shares during the last quarter. State Street Corp raised its stake in shares of Vail Resorts by 3.1% in the first quarter. State Street Corp now owns 672,314 shares of the company’s stock worth $89,889,000 after buying an additional 20,470 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Vail Resorts by 13.1% in the third quarter. Eagle Asset Management Inc. now owns 393,956 shares of the company’s stock worth $61,803,000 after buying an additional 45,670 shares during the last quarter. 98.38% of the stock is currently owned by institutional investors.
About Vail Resorts
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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