Vail Resorts, Inc. $MTN Stake Raised by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,787 shares of the company’s stock after buying an additional 369 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Vail Resorts were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. SouthState Corp acquired a new position in shares of Vail Resorts during the first quarter valued at approximately $29,000. Farther Finance Advisors LLC increased its stake in shares of Vail Resorts by 676.0% during the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after acquiring an additional 169 shares during the period. Signaturefd LLC grew its position in Vail Resorts by 217.6% in the second quarter. Signaturefd LLC now owns 216 shares of the company’s stock worth $34,000 after buying an additional 148 shares during the last quarter. Golden State Wealth Management LLC grew its position in 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 buying an additional 123 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Vail Resorts in the first quarter worth approximately $40,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MTN. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price objective (down from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Weiss Ratings cut shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Barclays lowered their price objective on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 30th. Bank of America lowered their price objective on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 17th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $174.90.

Vail Resorts Stock Up 1.7%

MTN stock opened at $154.65 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The company has a fifty day simple moving average of $152.79 and a 200 day simple moving average of $152.37. The firm has a market cap of $5.55 billion, a PE ratio of 20.87, a PEG ratio of 2.49 and a beta of 0.86.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The business had revenue of $271.29 million during the quarter, compared to analyst estimates of $272.87 million. During the same period in the previous year, the firm posted ($4.67) EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, October 9th. Vail Resorts’s payout ratio is presently 119.84%.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch acquired 210 shares of Vail Resorts stock in a transaction that occurred on Tuesday, October 7th. The stock was acquired at an average price of $155.00 per share, with a total value of $32,550.00. Following the purchase, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

About Vail Resorts

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.