Vail Resorts, Inc. (NYSE:MTN) Insider Robert A. Katz Sells 9,296 Shares

Vail Resorts, Inc. (NYSE:MTN) insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Vail Resorts Stock Down 1.0 %

Shares of NYSE:MTN opened at $174.08 on Friday. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.48 and a beta of 1.13. Vail Resorts, Inc. has a 12 month low of $165.14 and a 12 month high of $236.92. 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 company has a 50-day moving average price of $179.20 and a 200 day moving average price of $190.75.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The company had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.33%. Vail Resorts’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned ($3.35) earnings per share. As a group, equities research analysts predict that Vail Resorts, Inc. will post 8.16 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s payout ratio is 120.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MTN. TD Asset Management Inc boosted its stake in shares of Vail Resorts by 16.9% during the 4th quarter. TD Asset Management Inc now owns 21,413 shares of the company’s stock worth $4,571,000 after purchasing an additional 3,096 shares during the period. Bank of Nova Scotia lifted its stake in Vail Resorts by 93.1% in the fourth quarter. Bank of Nova Scotia now owns 1,840 shares of the company’s stock worth $393,000 after purchasing an additional 887 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Vail Resorts by 4.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 15,067 shares of the company’s stock valued at $3,216,000 after acquiring an additional 632 shares during the period. Public Employees Retirement Association of Colorado grew its position in Vail Resorts by 102.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 94,467 shares of the company’s stock valued at $20,166,000 after acquiring an additional 47,733 shares during the last quarter. Finally, Baldwin Investment Management LLC purchased a new stake in Vail Resorts in the fourth quarter worth $465,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. StockNews.com downgraded Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. Mizuho cut their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Barclays decreased their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. Finally, Stifel Nicolaus cut their price objective on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $208.22.

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.