Swiss National Bank Sells 1,100 Shares of Vail Resorts, Inc. (NYSE:MTN)

Swiss National Bank decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,600 shares of the company’s stock after selling 1,100 shares during the quarter. Swiss National Bank owned about 0.19% of Vail Resorts worth $11,617,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its stake in Vail Resorts by 37.4% during the 4th quarter. Bank of Montreal Can now owns 6,010 shares of the company’s stock valued at $1,127,000 after purchasing an additional 1,637 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Vail Resorts by 3.4% during the fourth quarter. Invesco Ltd. now owns 71,816 shares of the company’s stock valued at $13,462,000 after buying an additional 2,372 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Vail Resorts during the fourth quarter worth about $23,170,000. Sterling Capital Management LLC raised its holdings in shares of Vail Resorts by 8.5% in the 4th quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock worth $165,000 after acquiring an additional 69 shares during the last quarter. Finally, Mariner LLC raised its holdings in shares of Vail Resorts by 30.3% in the 4th quarter. Mariner LLC now owns 2,979 shares of the company’s stock worth $558,000 after acquiring an additional 693 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $152.42 on Friday. The company’s 50-day moving average is $156.89 and its 200 day moving average is $154.72. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The company has a market capitalization of $5.66 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.54 earnings per share. On average, equities research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were paid a $2.22 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.8%. Vail Resorts’s dividend payout ratio is presently 113.55%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MTN. Mizuho lifted their price target on Vail Resorts from $215.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Bank of America lifted their target price on Vail Resorts from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 28th. Truist Financial decreased their price target on Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a report on Friday, June 6th. JPMorgan Chase & Co. raised Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price target for the company in a research report on Wednesday, May 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Vail Resorts in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $187.20.

Insider Buying and Selling

In other news, CFO Angela A. Korch bought 200 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of $157.00 per share, with a total value of $31,400.00. Following the completion of the transaction, the chief financial officer directly owned 3,156 shares of the company’s stock, valued at $495,492. This represents a 6.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

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.