Vail Resorts Inc. (MTN) Insider Patricia A. Campbell Sells 4,822 Shares
Vail Resorts Inc. (NYSE:MTN) insider Patricia A. Campbell sold 4,822 shares of the company’s stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $153.93, for a total transaction of $742,250.46. Following the completion of the sale, the insider now directly owns 16,593 shares in the company, valued at $2,554,160.49. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Vail Resorts Inc. (NYSE:MTN) opened at 155.27 on Wednesday. Vail Resorts Inc. has a 12 month low of $107.99 and a 12 month high of $162.95. The firm’s 50-day moving average is $158.06 and its 200 day moving average is $143.37. The stock has a market cap of $5.62 billion, a PE ratio of 38.72 and a beta of 0.66.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.67) by $0.13. The company had revenue of $179.88 million for the quarter. Vail Resorts had a net margin of 9.35% and a return on equity of 17.22%. Vail Resorts’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.92) EPS. On average, equities analysts predict that Vail Resorts Inc. will post $5.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, October 7th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, October 5th. Vail Resorts’s payout ratio is currently 82.23%.
Large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its stake in Vail Resorts by 1,166.7% in the second quarter. Alliancebernstein L.P. now owns 779,530 shares of the company’s stock valued at $107,754,000 after buying an additional 717,990 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Vail Resorts by 21.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,124,215 shares of the company’s stock valued at $150,308,000 after buying an additional 197,652 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Vail Resorts by 120.9% in the second quarter. William Blair Investment Management LLC now owns 334,040 shares of the company’s stock valued at $46,174,000 after buying an additional 182,851 shares during the last quarter. Royal Bank of Canada boosted its stake in Vail Resorts by 5,702.7% in the first quarter. Royal Bank of Canada now owns 145,010 shares of the company’s stock valued at $19,388,000 after buying an additional 142,511 shares during the last quarter. Finally, RS Investment Management Co. LLC acquired a new stake in shares of Vail Resorts during the second quarter valued at $18,727,000. Hedge funds and other institutional investors own 98.38% of the company’s stock.
A number of equities research analysts have recently issued reports on MTN shares. KeyCorp upped their target price 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. Zacks Investment Research cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $170.00 target price on shares of Vail Resorts in a report on Tuesday, September 27th. 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, 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. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target 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.
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