Raymond James Financial Services Advisors Inc. Has $897,000 Holdings in Vail Resorts, Inc. (NYSE:MTN)

Raymond James Financial Services Advisors Inc. lifted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,200 shares of the company’s stock after acquiring an additional 142 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Vail Resorts were worth $897,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Vail Resorts by 21.8% during the 1st quarter. American Century Companies Inc. now owns 1,565 shares of the company’s stock worth $407,000 after acquiring an additional 280 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Vail Resorts by 7.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 876 shares of the company’s stock valued at $228,000 after purchasing an additional 63 shares in the last quarter. Private Advisor Group LLC raised its position in Vail Resorts by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,811 shares of the company’s stock valued at $471,000 after purchasing an additional 76 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Vail Resorts during the first quarter worth $672,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Vail Resorts in the 1st quarter valued at $691,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now owns 7,592 shares in the company, valued at approximately $1,691,269.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Shares of MTN opened at $226.44 on Tuesday. Vail Resorts, Inc. has a 12-month low of $204.88 and a 12-month high of $258.13. The business has a 50-day simple moving average of $225.52 and a two-hundred day simple moving average of $221.27. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. The stock has a market cap of $8.60 billion, a PE ratio of 37.80, a PEG ratio of 2.41 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $5.16 EPS. Vail Resorts’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts anticipate that Vail Resorts, Inc. will post 7.75 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s payout ratio is 148.25%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MTN. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Truist Financial reissued a “buy” rating and set a $290.00 price target on shares of Vail Resorts in a report on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating and set a $263.00 price target on shares of Vail Resorts in a report on Friday, March 22nd. Morgan Stanley boosted their price target on Vail Resorts from $247.00 to $248.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Finally, Mizuho began coverage on Vail Resorts in a report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price target for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $266.33.

Vail Resorts Company 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.