Wellington Management Group LLP Takes Position in Vail Resorts, Inc. (NYSE:MTN)

Wellington Management Group LLP purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,197 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sterling Capital Management LLC raised its stake in shares of Vail Resorts by 8.5% in the 4th quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock valued at $165,000 after acquiring an additional 69 shares during the period. Accretive Wealth Partners LLC raised its stake in shares of Vail Resorts by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock valued at $992,000 after acquiring an additional 80 shares during the period. Argonautica Private Wealth Management Inc. raised its stake in shares of Vail Resorts by 6.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock valued at $277,000 after acquiring an additional 96 shares during the period. ProShare Advisors LLC raised its stake in shares of Vail Resorts by 6.7% in the 4th quarter. ProShare Advisors LLC now owns 1,751 shares of the company’s stock valued at $328,000 after acquiring an additional 110 shares during the period. Finally, Atria Investments Inc increased its stake in Vail Resorts by 1.6% during the 4th quarter. Atria Investments Inc now owns 6,977 shares of the company’s stock worth $1,308,000 after buying an additional 113 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the acquisition, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Vail Resorts Trading Down 3.0%

NYSE MTN opened at $150.26 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The stock has a market capitalization of $5.61 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The firm has a 50 day moving average of $145.63 and a two-hundred day moving average of $163.45.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business posted $9.54 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.91%. The ex-dividend date is Tuesday, June 24th. Vail Resorts’s payout ratio is 130.21%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MTN shares. Macquarie cut their target price on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Barclays reaffirmed an “underweight” rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a research note on Thursday, May 29th. Mizuho upped their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Truist Financial cut their target price on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $188.80.

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.