PNC Financial Services Group Inc. Sells 1,117 Shares of Vail Resorts, Inc. (NYSE:MTN)

PNC Financial Services Group Inc. lessened its holdings in Vail Resorts, Inc. (NYSE:MTN) by 32.3% during the fourth quarter, Holdings Channel reports. The fund owned 2,345 shares of the company’s stock after selling 1,117 shares during the period. PNC Financial Services Group Inc.’s holdings in Vail Resorts were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MTN. Point72 Asset Management L.P. acquired a new stake in Vail Resorts in the third quarter valued at approximately $35,264,000. FMR LLC boosted its position in shares of Vail Resorts by 1,080.8% during the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after purchasing an additional 190,210 shares in the last quarter. Bamco Inc. NY increased its stake in shares of Vail Resorts by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after acquiring an additional 136,328 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Vail Resorts during the fourth quarter valued at about $23,170,000. Finally, Mutual of America Capital Management LLC boosted its holdings in Vail Resorts by 146.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company’s stock worth $24,946,000 after acquiring an additional 79,183 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN stock opened at $160.32 on Friday. The firm has a market capitalization of $5.99 billion, a PE ratio of 26.63, a P/E/G ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a 52 week low of $151.99 and a 52 week high of $233.57. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The company has a 50 day moving average price of $165.89 and a 200-day moving average price of $175.09.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm earned $5.76 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio is presently 130.21%.

Insider Activity

In related news, CFO Angela A. Korch acquired 185 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at $472,960. This trade represents a 6.68 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MTN shares. Stifel Nicolaus lifted their price target on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Truist Financial decreased their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Macquarie dropped their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Finally, Mizuho lowered their target price on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vail Resorts has an average rating of “Hold” and a consensus target price of $193.56.

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.