Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC trimmed its stake in Vail Resorts, Inc. (NYSE:MTN) by 33.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,095 shares of the company’s stock after selling 555 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Vail Resorts were worth $244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in Vail Resorts by 2,451.9% during the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after purchasing an additional 400,941 shares during the period. Norges Bank acquired a new position in shares of Vail Resorts during the fourth quarter worth approximately $85,704,000. Northern Trust Corp grew its holdings in Vail Resorts by 42.3% in the 3rd quarter. Northern Trust Corp now owns 375,072 shares of the company’s stock worth $83,225,000 after buying an additional 111,487 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Vail Resorts by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 259,239 shares of the company’s stock valued at $55,347,000 after acquiring an additional 6,336 shares during the period. Finally, Legal & General Group Plc raised its stake in Vail Resorts by 8.3% during the 3rd quarter. Legal & General Group Plc now owns 253,269 shares of the company’s stock valued at $56,198,000 after acquiring an additional 19,399 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Price Performance

MTN stock traded up $0.12 on Thursday, hitting $179.00. 515,881 shares of the company’s stock traded hands, compared to its average volume of 569,109. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.92 and a beta of 1.14. Vail Resorts, Inc. has a 1-year low of $165.14 and a 1-year high of $254.78. The stock has a fifty day moving average of $191.86 and a 200-day moving average of $212.20.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. On average, analysts forecast that Vail Resorts, Inc. will post 6.48 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 4.96%. Vail Resorts’s dividend payout ratio is currently 120.82%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch bought 575 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was bought at an average cost of $176.20 per share, for a total transaction of $101,315.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,171 shares in the company, valued at approximately $206,330.20. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays decreased their price target on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a research note on Friday, June 7th. Bank of America cut shares of Vail Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the company from $285.00 to $250.00 in a research note on Friday, March 8th. JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $217.00 to $176.00 in a research note on Friday, June 7th. Morgan Stanley lowered their price objective on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, June 7th. Finally, Mizuho dropped their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $221.50.

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.