Vail Resorts, Inc. $MTN Shares Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. lifted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,219 shares of the company’s stock after buying an additional 5,615 shares during the period. Raymond James Financial Inc. owned approximately 0.35% of Vail Resorts worth $20,678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State of Michigan Retirement System boosted its position in shares of Vail Resorts by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company’s stock worth $1,440,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Vail Resorts by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company’s stock worth $1,680,000 after buying an additional 100 shares during the period. Aurora Investment Managers LLC. boosted its position in shares of Vail Resorts by 1.1% during the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company’s stock worth $1,522,000 after buying an additional 104 shares during the period. ProShare Advisors LLC lifted its position in Vail Resorts by 6.7% in the fourth quarter. ProShare Advisors LLC now owns 1,751 shares of the company’s stock worth $328,000 after purchasing an additional 110 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Vail Resorts by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company’s stock valued at $701,000 after purchasing an additional 110 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch acquired 200 shares of the business’s stock in a transaction dated Friday, June 20th. The stock was bought at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the transaction, the chief financial officer owned 3,156 shares of the company’s stock, valued at approximately $495,492. The trade was a 6.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MTN shares. Mizuho increased their price target on Vail Resorts from $215.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Truist Financial decreased their price target on Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, June 6th. UBS Group decreased their price target on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, June 11th. JPMorgan Chase & Co. raised Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price target for the company in a research note on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $183.00 to $171.00 and set a “hold” rating for the company in a research note on Thursday, May 29th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $187.20.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $159.99 on Wednesday. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The stock has a fifty day moving average of $157.46 and a 200-day moving average of $153.98. The company has a market capitalization of $5.94 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.99 and a beta of 0.90. 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 (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating analysts’ consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $9.54 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Tuesday, June 24th. Vail Resorts’s dividend payout ratio is 113.55%.

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.