Vail Resorts, Inc. $MTN Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its stake in Vail Resorts, Inc. (NYSE:MTN) by 97.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338 shares of the company’s stock after selling 10,986 shares during the quarter. Fifth Third Bancorp’s holdings in Vail Resorts were worth $45,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BOKF NA lifted its holdings in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. NBT Bank N A NY lifted its holdings in Vail Resorts by 450.0% in the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock worth $26,000 after purchasing an additional 144 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares during the period. Danske Bank A S acquired a new stake in Vail Resorts in the third quarter worth about $30,000. Finally, Employees Retirement System of Texas acquired a new stake in Vail Resorts in the third quarter worth about $46,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Trading Up 0.2%

Shares of MTN stock opened at $125.61 on Monday. The stock has a 50-day simple moving average of $131.10 and a 200 day simple moving average of $138.35. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $175.51. The stock has a market capitalization of $4.48 billion, a P/E ratio of 20.49, a P/E/G ratio of 10.60 and a beta of 0.70. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.06 by ($0.19). Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business earned $6.56 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Vail Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $8.88 annualized dividend and a yield of 7.1%. Vail Resorts’s dividend payout ratio (DPR) is currently 144.86%.

Insider Activity

In other news, CEO Robert A. Katz bought 37,500 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the purchase, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at $37,606,974.72. This represents a 15.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Angela A. Korch purchased 190 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of $131.85 per share, with a total value of $25,051.50. Following the transaction, the chief financial officer directly owned 5,539 shares in the company, valued at $730,317.15. This trade represents a 3.55% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MTN shares. Stifel Nicolaus reduced their price objective on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Jefferies Financial Group raised shares of Vail Resorts from a “hold” rating to a “buy” rating and upped their price objective for the stock from $159.00 to $165.00 in a report on Tuesday, January 13th. Barclays reduced their price objective on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. JPMorgan Chase & Co. decreased their target price on Vail Resorts from $172.00 to $156.00 and set a “neutral” rating for the company in a research note on Tuesday, March 10th. Finally, UBS Group decreased their target price on Vail Resorts from $169.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $161.82.

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.