Patricia A. Campbell Sells 291 Shares of Vail Resorts Inc. (MTN) Stock
Vail Resorts Inc. (NYSE:MTN) insider Patricia A. Campbell sold 291 shares of the company’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $157.09, for a total transaction of $45,713.19. Following the completion of the sale, the insider now owns 19,593 shares in the company, valued at approximately $3,077,864.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Vail Resorts Inc. (NYSE:MTN) opened at 153.34 on Friday. Vail Resorts Inc. has a 52-week low of $107.79 and a 52-week high of $162.95. The company has a market capitalization of $5.55 billion, a P/E ratio of 38.24 and a beta of 0.66. The firm has a 50-day moving average of $158.50 and a 200 day moving average of $142.73.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing the 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 in the prior year, the company posted ($1.92) EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Vail Resorts Inc. will post $5.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, October 7th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $3.24 annualized dividend and a dividend yield of 2.11%. Vail Resorts’s dividend payout ratio is currently 82.23%.
Several large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its position 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 last quarter. Corundum Group Inc. purchased a new position in shares of Vail Resorts during the second quarter worth about $207,000. BlueMountain Capital Management LLC purchased a new position in shares of Vail Resorts during the first quarter worth about $210,000. FineMark National Bank & Trust increased its position 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 worth $223,000 after buying an additional 1,602 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Vail Resorts during the second quarter worth about $223,000. Institutional investors and hedge funds own 98.42% of the company’s stock.
A number of equities research analysts have weighed in on MTN shares. Janney Montgomery Scott restated a “buy” rating and issued a $170.00 price objective on shares of Vail Resorts in a report on Tuesday, September 27th. Barclays PLC reiterated a “buy” rating and set a $175.00 price target on shares of Vail Resorts in a report on Tuesday, September 27th. 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. Finally, Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $153.76.
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.
Receive News & Stock Ratings for Vail Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts Inc. and related stocks with our FREE daily email newsletter.