Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. cut its holdings in Vail Resorts, Inc. (NYSE:MTN) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,857 shares of the company’s stock after selling 1,061 shares during the period. Washington Trust Advisors Inc. owned about 0.05% of Vail Resorts worth $3,535,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Alberta Investment Management Corp acquired a new stake in shares of Vail Resorts during the fourth quarter worth about $3,134,000. Western Pacific Wealth Management LP acquired a new stake in shares of Vail Resorts during the fourth quarter worth about $291,000. Stifel Financial Corp increased its position in shares of Vail Resorts by 47.6% during the third quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock worth $3,683,000 after purchasing an additional 6,816 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Vail Resorts by 17.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock worth $5,187,000 after purchasing an additional 4,080 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Vail Resorts by 146.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company’s stock worth $24,946,000 after purchasing an additional 79,183 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Barclays lifted their target price on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 10th. Macquarie raised their price target on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Truist Financial lowered their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $204.50.

Vail Resorts Price Performance

Shares of MTN opened at $157.78 on Thursday. Vail Resorts, Inc. has a twelve month low of $153.51 and a twelve month high of $235.81. The stock’s 50 day moving average is $171.64 and its two-hundred day moving average is $176.60. The firm has a market capitalization of $5.91 billion, a PE ratio of 26.21, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same quarter in the previous year, the company earned ($4.60) EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend was Thursday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is 147.51%.

Vail Resorts Company Profile

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.