Vail Resorts Inc. (MTN) Director John F. Sorte Sells 4,688 Shares
Vail Resorts Inc. (NYSE:MTN) Director John F. Sorte sold 4,688 shares of the company’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $155.94, for a total transaction of $731,046.72. Following the sale, the director now owns 63,147 shares of the company’s stock, valued at approximately $9,847,143.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Vail Resorts Inc. (NYSE:MTN) opened at 156.88 on Friday. The stock’s 50 day moving average is $159.00 and its 200-day moving average is $141.09. The firm has a market capitalization of $5.68 billion, a P/E ratio of 39.12 and a beta of 0.70. Vail Resorts Inc. has a 1-year low of $103.18 and a 1-year high of $162.95.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.67) by $0.13. Vail Resorts had a net margin of 9.35% and a return on equity of 17.22%. The business earned $179.88 million during the quarter. During the same period last year, the business earned ($1.92) earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Vail Resorts Inc. will post $5.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, October 7th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.07%. Vail Resorts’s dividend payout ratio (DPR) is 82.23%.
Several equities analysts have recently issued reports on MTN shares. Janney Montgomery Scott reissued a “buy” rating and issued a $170.00 price target on shares of Vail Resorts in a report on Tuesday. MKM Partners set a $180.00 price target on shares of Vail Resorts and gave the company a “buy” rating in a report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price target on shares of Vail Resorts and gave the company a “buy” rating in a report on Monday, September 12th. KeyCorp boosted their price target on shares of Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, August 23rd. Finally, Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $153.76.
Large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its stake in shares of Vail Resorts by 502.4% in the second quarter. Pacer Advisors Inc. now owns 1,271 shares of the company’s stock worth $176,000 after buying an additional 1,060 shares during the period. Corundum Group Inc. purchased a new stake in shares of Vail Resorts during the second quarter valued at $207,000. BlueMountain Capital Management LLC purchased a new stake in shares of Vail Resorts during the first quarter valued at $210,000. FineMark National Bank & Trust boosted its stake in shares of Vail Resorts by 20,025.0% in the second quarter. FineMark National Bank & Trust now owns 1,610 shares of the company’s stock valued at $223,000 after buying an additional 1,602 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Vail Resorts during the second quarter valued at $223,000. 98.48% of the stock is owned by institutional investors.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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