PNC Financial Services Group Inc. Cuts Stock Position in Vail Resorts, Inc. (NYSE:MTN)

PNC Financial Services Group Inc. decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,753 shares of the company’s stock after selling 1,015 shares during the period. PNC Financial Services Group Inc.’s holdings in Vail Resorts were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MTN. Park Place Capital Corp boosted its position in shares of Vail Resorts by 531.6% in the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Rise Advisors LLC raised its position in shares of Vail Resorts by 62.2% in the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after purchasing an additional 61 shares during the last quarter. Quarry LP acquired a new stake in Vail Resorts in the 4th quarter worth approximately $35,000. Desjardins Global Asset Management Inc. increased its stake in Vail Resorts by 70.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after purchasing an additional 69 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Vail Resorts in the 4th quarter valued at $45,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

NYSE MTN opened at $179.56 on Monday. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 2.91 and a beta of 1.14. The stock has a 50-day moving average of $194.51 and a 200 day moving average of $213.03. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. Vail Resorts, Inc. has a twelve month low of $165.14 and a twelve month high of $254.78.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.31 billion. Sell-side analysts anticipate that Vail Resorts, Inc. will post 6.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th will be paid a dividend of $2.22 per share. The ex-dividend date is Tuesday, June 25th. This represents a $8.88 annualized dividend and a yield of 4.95%. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MTN shares. Mizuho reduced their price objective on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Morgan Stanley reduced their price target on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vail Resorts from $244.00 to $226.00 in a research note on Thursday, June 6th. JPMorgan Chase & Co. downgraded shares of Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Finally, Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $221.50.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch purchased 575 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $176.20 per share, for a total transaction of $101,315.00. Following the completion of the transaction, the chief financial officer now owns 1,171 shares of the company’s stock, valued at $206,330.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

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.