Wellington Management Group LLP Has $383,000 Stock Holdings in Vail Resorts, Inc. $MTN

Wellington Management Group LLP lifted its stake in Vail Resorts, Inc. (NYSE:MTN) by 100.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,394 shares of the company’s stock after acquiring an additional 1,197 shares during the quarter. Wellington Management Group LLP’s holdings in Vail Resorts were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MTN. SouthState Corp acquired a new position in shares of Vail Resorts in the first quarter worth $29,000. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts in the fourth quarter worth $33,000. Golden State Wealth Management LLC increased its stake in shares of Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Vail Resorts in the first quarter worth $40,000. Finally, GAMMA Investing LLC increased its stake in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after acquiring an additional 116 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Stock Down 0.1%

MTN stock opened at $163.89 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a 50-day moving average of $158.05 and a two-hundred day moving average of $153.85. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.87.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company earned $9.54 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Tuesday, June 24th. Vail Resorts’s dividend payout ratio is 113.55%.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch purchased 200 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was bought at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the acquisition, the chief financial officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating for the company in a report on Thursday, May 29th. Truist Financial decreased their price objective on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a report on Friday, June 6th. Mizuho upped their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a report on Friday, June 6th. UBS Group decreased their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, June 11th. Finally, Bank of America upped their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $187.20.

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.