Angela A. Korch Buys 185 Shares of Vail Resorts, Inc. (NYSE:MTN) Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Vail Resorts Trading Down 0.0 %

Shares of NYSE:MTN opened at $159.68 on Friday. The company has a market capitalization of $5.98 billion, a PE ratio of 26.52, 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, Inc. has a 12-month low of $151.99 and a 12-month high of $233.57. The business’s fifty day simple moving average is $167.25 and its 200-day simple moving average is $175.61.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.76 earnings per share. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 5.56%. Vail Resorts’s payout ratio is 147.51%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Mizuho lowered their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays reiterated an “underweight” rating and issued a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Macquarie dropped their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Morgan Stanley dropped their price target on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $193.56.

Institutional Investors Weigh In On Vail Resorts

Institutional investors have recently bought and sold shares of the company. Azzad Asset Management Inc. ADV increased its position in shares of Vail Resorts by 11.3% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 11,436 shares of the company’s stock worth $2,144,000 after purchasing an additional 1,164 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Vail Resorts during the 4th quarter worth $33,000. Integrated Advisors Network LLC acquired a new position in Vail Resorts during the 4th quarter valued at about $3,637,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in Vail Resorts in the fourth quarter valued at about $1,015,000. Finally, Vise Technologies Inc. purchased a new stake in Vail Resorts in the fourth quarter valued at about $201,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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.