ProVise Management Group LLC Takes Position in Vail Resorts, Inc. (NYSE:MTN)

ProVise Management Group LLC purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,825 shares of the company’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bayforest Capital Ltd purchased a new stake in Vail Resorts in the first quarter worth approximately $404,000. XTX Topco Ltd boosted its holdings in Vail Resorts by 176.1% in the first quarter. XTX Topco Ltd now owns 7,404 shares of the company’s stock worth $1,185,000 after purchasing an additional 4,722 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Vail Resorts by 123.8% in the first quarter. GSA Capital Partners LLP now owns 9,087 shares of the company’s stock worth $1,454,000 after purchasing an additional 5,027 shares during the last quarter. LPL Financial LLC boosted its holdings in Vail Resorts by 11.1% in the first quarter. LPL Financial LLC now owns 20,559 shares of the company’s stock worth $3,290,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Accretive Wealth Partners LLC boosted its holdings in Vail Resorts by 18.8% in the first quarter. Accretive Wealth Partners LLC now owns 6,287 shares of the company’s stock worth $1,006,000 after purchasing an additional 993 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, May 29th. UBS Group decreased their price target on shares of Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 11th. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price target on the stock in a research report on Wednesday, May 28th. Morgan Stanley reiterated an “equal weight” rating on shares of Vail Resorts in a research report on Friday, June 6th. Finally, Truist Financial decreased their price target on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $187.20.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch acquired 200 shares of the firm’s stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the transaction, the chief financial officer directly owned 3,156 shares of the company’s stock, valued at approximately $495,492. This trade represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

Vail Resorts Stock Down 1.0%

Shares of MTN stock opened at $148.78 on Friday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.85 and a beta of 0.90. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The company’s fifty day moving average price is $158.06 and its 200-day moving average price is $156.30. 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 (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating the consensus estimate of $10.00 by $0.54. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $9.54 EPS. Sell-side analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company 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 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Tuesday, June 24th. Vail Resorts’s dividend payout ratio (DPR) 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.