Goldman Sachs Group Inc. Trims Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Goldman Sachs Group Inc. cut its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 77.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,668 shares of the company’s stock after selling 306,073 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.24% of Vail Resorts worth $19,141,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in Vail Resorts in the fourth quarter valued at $85,704,000. Nordea Investment Management AB grew its stake in Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after purchasing an additional 400,941 shares in the last quarter. APG Asset Management US Inc. bought a new stake in Vail Resorts in the fourth quarter valued at about $37,684,000. Ceredex Value Advisors LLC acquired a new stake in Vail Resorts during the fourth quarter valued at approximately $35,645,000. Finally, London Co. of Virginia bought a new position in Vail Resorts during the 3rd quarter worth approximately $32,280,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MTN shares. Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Mizuho reduced their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $244.00 to $226.00 in a report on Thursday, June 6th. Stifel Nicolaus lowered their target price on Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, JPMorgan Chase & Co. downgraded Vail Resorts from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Two investment 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. According to data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and an average target price of $221.50.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch acquired 575 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average price 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

Vail Resorts Price Performance

Shares of MTN opened at $179.01 on Thursday. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. Vail Resorts, Inc. has a one year low of $165.14 and a one year high of $254.78. The stock’s fifty day moving average is $191.86 and its 200-day moving average is $212.20.

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

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th will be given 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 (DPR) is 120.82%.

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.