Vail Resorts, Inc. (NYSE:MTN) Holdings Trimmed by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC lowered its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 23.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,521 shares of the company’s stock after selling 1,049 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Vail Resorts were worth $752,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Desjardins Global Asset Management Inc. boosted its stake in Vail Resorts by 70.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after buying an additional 69 shares in the last quarter. VELA Investment Management LLC boosted its position in shares of Vail Resorts by 14.6% in the 4th quarter. VELA Investment Management LLC now owns 12,545 shares of the company’s stock valued at $2,678,000 after purchasing an additional 1,601 shares during the period. Lecap Asset Management Ltd. acquired a new position in shares of Vail Resorts in the 4th quarter valued at $321,000. Louisiana State Employees Retirement System acquired a new position in shares of Vail Resorts in the 4th quarter valued at $2,284,000. Finally, Cerity Partners LLC boosted its position in shares of Vail Resorts by 183.7% in the 4th quarter. Cerity Partners LLC now owns 4,068 shares of the company’s stock valued at $868,000 after purchasing an additional 2,634 shares during the period. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Performance

Shares of NYSE:MTN traded down $2.96 during trading on Wednesday, hitting $223.55. 473,301 shares of the stock were exchanged, compared to its average volume of 436,994. Vail Resorts, Inc. has a 1-year low of $204.88 and a 1-year high of $258.13. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11. The company’s fifty day simple moving average is $225.56 and its 200-day simple moving average is $221.29. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $5.16 EPS. Vail Resorts’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts expect that Vail Resorts, Inc. will post 7.75 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MTN. Morgan Stanley increased their price target on Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Stifel Nicolaus reissued a “buy” rating and issued a $263.00 price objective on shares of Vail Resorts in a research note on Friday, March 22nd. Mizuho initiated coverage on Vail Resorts in a research note on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price objective for the company. Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Finally, Truist Financial reissued a “buy” rating and issued a $290.00 price objective on shares of Vail Resorts in a research note on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $266.33.

Insider Transactions at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the transaction, the director now owns 7,592 shares in the company, valued at approximately $1,691,269.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.