Vail Resorts, Inc. (MTN) Insider Patricia A. Campbell Sells 5,515 Shares of Stock
Vail Resorts, Inc. (NYSE:MTN) insider Patricia A. Campbell sold 5,515 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total value of $1,226,591.15. Following the sale, the insider now owns 28,736 shares of the company’s stock, valued at approximately $6,391,173.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Vail Resorts, Inc. (NYSE MTN) traded up 2.70% during mid-day trading on Friday, hitting $228.51. The company’s stock had a trading volume of 532,801 shares. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 43.78 and a beta of 0.50. Vail Resorts, Inc. has a 1-year low of $153.66 and a 1-year high of $232.71. The company has a 50-day moving average of $224.34 and a 200 day moving average of $210.60.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.81) by $0.38. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The company had revenue of $209.10 million during the quarter, compared to analysts’ expectations of $210.92 million. During the same quarter in the previous year, the company posted ($1.80) earnings per share. The business’s revenue was up 16.2% on a year-over-year basis. On average, analysts expect that Vail Resorts, Inc. will post $6.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $1.053 per share. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, October 6th. Vail Resorts’s dividend payout ratio is presently 85.92%.
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Several large investors have recently modified their holdings of MTN. Stifel Financial Corp boosted its holdings in shares of Vail Resorts by 7.4% during the first quarter. Stifel Financial Corp now owns 4,352 shares of the company’s stock worth $828,000 after acquiring an additional 301 shares during the period. United Services Automobile Association boosted its holdings in shares of Vail Resorts by 2.2% during the first quarter. United Services Automobile Association now owns 14,000 shares of the company’s stock worth $2,687,000 after acquiring an additional 300 shares during the period. Legal & General Group Plc boosted its holdings in shares of Vail Resorts by 177.7% during the first quarter. Legal & General Group Plc now owns 13,717 shares of the company’s stock worth $2,632,000 after acquiring an additional 8,778 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Vail Resorts by 12.4% during the first quarter. Vanguard Group Inc. now owns 3,049,283 shares of the company’s stock worth $585,157,000 after acquiring an additional 337,282 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Vail Resorts by 8.6% during the first quarter. Geode Capital Management LLC now owns 289,532 shares of the company’s stock worth $55,561,000 after acquiring an additional 23,005 shares during the period. Institutional investors own 96.40% of the company’s stock.
MTN has been the subject of several recent analyst reports. MKM Partners restated a “buy” rating and set a $266.00 target price (up previously from $264.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Zacks Investment Research upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, September 29th. Stifel Nicolaus restated a “hold” rating and set a $229.00 target price on shares of Vail Resorts in a research note on Thursday, September 7th. KeyCorp restated an “overweight” rating and set a $250.00 target price on shares of Vail Resorts in a research note on Wednesday, August 30th. Finally, Janney Montgomery Scott restated a “buy” rating and set a $260.00 target price (up previously from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. One 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. The stock has an average rating of “Buy” and a consensus target price of $245.14.
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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