Vail Resorts, Inc. $MTN Stock Position Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Vail Resorts, Inc. (NYSE:MTN) by 94.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,859 shares of the company’s stock after selling 1,569,771 shares during the period. Principal Financial Group Inc. owned approximately 0.24% of Vail Resorts worth $12,692,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bamco Inc. NY grew its holdings in Vail Resorts by 3.6% in the 2nd quarter. Bamco Inc. NY now owns 5,475,549 shares of the company’s stock worth $860,373,000 after buying an additional 191,327 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Vail Resorts by 2.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,320,763 shares of the company’s stock worth $207,531,000 after acquiring an additional 31,852 shares during the period. First Pacific Advisors LP grew its stake in shares of Vail Resorts by 23.4% in the second quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock worth $156,146,000 after purchasing an additional 188,151 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Vail Resorts by 0.3% during the second quarter. Geode Capital Management LLC now owns 691,467 shares of the company’s stock valued at $108,668,000 after purchasing an additional 2,274 shares during the period. Finally, GRS Advisors LLC bought a new stake in shares of Vail Resorts during the second quarter valued at about $71,753,000. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Up 1.3%

MTN stock opened at $142.98 on Wednesday. The firm has a market cap of $5.12 billion, a PE ratio of 20.96, a P/E/G ratio of 8.56 and a beta of 0.81. Vail Resorts, Inc. has a 12 month low of $126.15 and a 12 month high of $175.51. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $140.94 and a 200 day simple moving average of $146.87.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm had revenue of $271.03 million for the quarter, compared to analyst estimates of $273.35 million. During the same quarter in the previous year, the business posted ($4.61) earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.2%. Vail Resorts’s payout ratio is 130.21%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Jefferies Financial Group raised shares of Vail Resorts from a “hold” rating to a “buy” rating and upped their price target for the stock from $159.00 to $165.00 in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vail Resorts in a report on Monday, December 29th. Truist Financial lowered their price objective on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Finally, Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $173.27.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.