LPL Financial LLC Has $3.29 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

LPL Financial LLC increased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 11.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,559 shares of the company’s stock after purchasing an additional 2,049 shares during the period. LPL Financial LLC owned approximately 0.06% of Vail Resorts worth $3,290,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts during the 4th quarter worth about $33,000. Golden State Wealth Management LLC lifted its position in shares of Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Vail Resorts during the 1st quarter worth about $40,000. GAMMA Investing LLC lifted its position in shares of Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after purchasing an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC lifted its position in shares of Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was purchased at an average cost of $157.00 per share, with a total value of $31,400.00. Following the completion of the purchase, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. upgraded Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price objective for the company in a research report on Wednesday, May 28th. Bank of America raised their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $183.00 to $171.00 and set a “hold” rating for the company in a research report on Thursday, May 29th. Mizuho raised their price objective on Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Finally, UBS Group reduced their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average price target of $187.20.

Vail Resorts Trading Up 0.7%

Shares of MTN opened at $153.49 on Friday. The stock has a fifty day moving average price of $156.95 and a two-hundred day moving average price of $154.52. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.90 and a beta of 0.90.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping analysts’ consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.54 earnings per share. Analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts’s payout ratio is presently 113.55%.

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.