Federated Hermes Inc. Has $539,000 Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Federated Hermes Inc. lessened its position in Vail Resorts, Inc. (NYSE:MTN) by 28.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,873 shares of the company’s stock after selling 1,127 shares during the period. Federated Hermes Inc.’s holdings in Vail Resorts were worth $539,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in Vail Resorts in the 4th quarter valued at $33,000. Blue Trust Inc. grew its holdings in shares of Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after buying an additional 148 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Vail Resorts during the fourth quarter valued at about $40,000. UMB Bank n.a. increased its position in shares of Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after acquiring an additional 83 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Vail Resorts by 20.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock worth $74,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of Vail Resorts stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now owns 2,956 shares in the company, valued at $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Vail Resorts stock opened at $137.76 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.93 and a beta of 0.93. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $225.45. The business’s 50 day simple moving average is $155.88 and its 200 day simple moving average is $170.29.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm earned $5.76 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were paid a $2.22 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 6.45%. Vail Resorts’s dividend payout ratio is 130.21%.

Analyst Ratings Changes

A number of analysts have commented on MTN shares. Macquarie decreased their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a 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 research report on Tuesday, March 11th. Barclays restated an “underweight” rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Morgan Stanley dropped their price target on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average target price of $193.56.

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.