State of New Jersey Common Pension Fund D Sells 723 Shares of Vail Resorts, Inc. (NYSE:MTN)

State of New Jersey Common Pension Fund D lessened its position in Vail Resorts, Inc. (NYSE:MTN) by 5.3% in the third quarter, HoldingsChannel.com reports. The fund owned 13,029 shares of the company’s stock after selling 723 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Vail Resorts were worth $2,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Vail Resorts in the third quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in shares of Vail Resorts in the third quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Vail Resorts by 318.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after buying an additional 153 shares during the period. Finally, UMB Bank n.a. grew its stake in Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after buying an additional 121 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MTN shares. 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 research report on Monday, September 16th. Barclays reduced their price target on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. Macquarie reiterated a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a research report on Wednesday, October 2nd. UBS Group initiated coverage on shares of Vail Resorts in a research report on Thursday. They issued a “neutral” rating and a $185.00 target price for the company. Finally, Stifel Nicolaus dropped their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $205.90.

Insider Buying and Selling at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the sale, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Angela A. Korch acquired 165 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the transaction, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $178.42 on Friday. The firm has a 50 day moving average of $175.69 and a 200-day moving average of $180.70. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $6.69 billion, a PE ratio of 29.59, a PEG ratio of 1.75 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($3.35) earnings per share. On average, equities research analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.98%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

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.