Geode Capital Management LLC Acquires 8,422 Shares of Vail Resorts, Inc. (NYSE:MTN)

Geode Capital Management LLC boosted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 1.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 649,624 shares of the company’s stock after purchasing an additional 8,422 shares during the period. Geode Capital Management LLC’s holdings in Vail Resorts were worth $113,252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC increased its position in shares of Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Vail Resorts during the third quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Vail Resorts in the third quarter valued at $25,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after acquiring an additional 153 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after purchasing an additional 121 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Trading Down 1.1 %

NYSE MTN opened at $189.19 on Wednesday. Vail Resorts, Inc. has a one year low of $165.00 and a one year high of $236.92. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.71 and a current ratio of 0.63. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. The company’s 50-day simple moving average is $178.07 and its two-hundred day simple moving average is $178.78.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.99) by $0.38. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted ($4.60) earnings per share. Equities analysts forecast that Vail Resorts, Inc. will post 7.49 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Thursday, December 26th. Vail Resorts’s payout ratio is 147.51%.

Insider Buying and Selling

In other news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now directly owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Angela A. Korch acquired 165 shares of the stock in a transaction dated Thursday, October 3rd. The stock was acquired at an average cost of $173.09 per share, with a total value of $28,559.85. Following the transaction, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Mizuho increased their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. UBS Group began coverage on Vail Resorts in a research note on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target for the company. Barclays upped their price objective on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Truist Financial cut their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $205.50.

Vail Resorts 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.