Insider Selling: Vail Resorts, Inc. (MTN) Insider Sells 5,515 Shares of Stock
Vail Resorts, Inc. (NYSE:MTN) insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $222.41, for a total value of $1,226,591.15. Following the completion of the transaction, the insider now directly owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Vail Resorts, Inc. (NYSE MTN) traded up 2.70% during trading on Friday, hitting $228.51. The stock had a trading volume of 532,801 shares. The stock has a market cap of $9.16 billion, a PE ratio of 43.78 and a beta of 0.50. The firm’s 50-day moving average price is $224.32 and its 200-day moving average price is $210.33. Vail Resorts, Inc. has a 1-year low of $152.99 and a 1-year high of $232.71.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, topping the consensus estimate of ($1.81) by $0.38. The business had revenue of $209.10 million during the quarter, compared to analyst estimates of $210.92 million. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The company’s revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company posted ($1.80) EPS. On average, equities research analysts predict that Vail Resorts, Inc. will post $6.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, October 6th. Vail Resorts’s dividend payout ratio is presently 85.92%.
A number of equities analysts have recently weighed in on MTN shares. KeyCorp reissued an “overweight” rating and issued a $250.00 price target on shares of Vail Resorts in a report on Wednesday, August 30th. Zacks Investment Research cut Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. BidaskClub cut Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. William Blair started coverage on Vail Resorts in a report on Friday, July 21st. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $229.00 price target on shares of Vail Resorts in a report on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $245.14.
Institutional investors have recently modified their holdings of the company. Morgan Stanley boosted its position in shares of Vail Resorts by 127.4% in the first quarter. Morgan Stanley now owns 108,825 shares of the company’s stock worth $20,884,000 after buying an additional 60,960 shares during the period. Capstone Asset Management Co. boosted its position in shares of Vail Resorts by 375.5% in the second quarter. Capstone Asset Management Co. now owns 6,994 shares of the company’s stock worth $1,419,000 after buying an additional 5,523 shares during the period. Credit Suisse AG boosted its position in shares of Vail Resorts by 1.8% in the first quarter. Credit Suisse AG now owns 117,415 shares of the company’s stock worth $22,532,000 after buying an additional 2,063 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Vail Resorts by 15,556.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 255,197 shares of the company’s stock worth $51,762,000 after buying an additional 253,567 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its position in shares of Vail Resorts by 0.3% in the second quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after buying an additional 8 shares during the period. 96.40% of the stock is owned by institutional investors and hedge funds.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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