Washington Trust Advisors Inc. Has $433,000 Stake in Vail Resorts, Inc. $MTN

Washington Trust Advisors Inc. lowered its position in Vail Resorts, Inc. (NYSE:MTN) by 69.4% during the fourth quarter, Holdings Channel reports. The firm owned 3,263 shares of the company’s stock after selling 7,385 shares during the period. Washington Trust Advisors Inc.’s holdings in Vail Resorts were worth $433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BOKF NA lifted its position in shares of Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. NBT Bank N A NY lifted its position in shares of Vail Resorts by 450.0% during the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after acquiring an additional 144 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Danske Bank A S acquired a new position in shares of Vail Resorts during the 3rd quarter valued at $30,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Vail Resorts during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MTN shares. Barclays dropped their target price on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 10th. Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. BNP Paribas Exane restated an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Wells Fargo & Company started coverage on shares of Vail Resorts in a report on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 price objective on the stock. Finally, Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $161.82.

Vail Resorts Stock Performance

MTN opened at $125.61 on Friday. The company’s fifty day moving average price is $131.10 and its two-hundred day moving average price is $138.35. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 10.60 and a beta of 0.70. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $175.51.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing the consensus estimate of $6.06 by ($0.19). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.56 EPS. On average, analysts expect that Vail Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th were issued a $2.22 dividend. The ex-dividend date was Thursday, March 26th. This represents a $8.88 annualized dividend and a dividend yield of 7.1%. Vail Resorts’s dividend payout ratio is currently 144.86%.

Insider Activity

In other news, CFO Angela A. Korch bought 190 shares of the stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the acquisition, the chief financial officer directly owned 5,539 shares in the company, valued at approximately $730,317.15. This trade represents a 3.55% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Katz bought 37,500 shares of the stock in a transaction dated Monday, March 16th. The stock was purchased at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the acquisition, the chief executive officer owned 285,312 shares of the company’s stock, valued at $37,606,974.72. The trade was a 15.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.