Sequoia Financial Advisors LLC Buys 197 Shares of Vail Resorts, Inc. $MTN

Sequoia Financial Advisors LLC boosted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,152 shares of the company’s stock after purchasing an additional 197 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.34% of Vail Resorts worth $19,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Vail Resorts by 0.4% during the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company’s stock worth $264,686,000 after purchasing an additional 5,788 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Vail Resorts by 7.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company’s stock valued at $206,252,000 after acquiring an additional 86,735 shares during the period. First Pacific Advisors LP boosted its position in shares of Vail Resorts by 54.2% in the first quarter. First Pacific Advisors LP now owns 805,584 shares of the company’s stock valued at $128,910,000 after acquiring an additional 283,299 shares during the period. Northern Trust Corp boosted its position in shares of Vail Resorts by 16.5% in the first quarter. Northern Trust Corp now owns 385,607 shares of the company’s stock valued at $61,705,000 after acquiring an additional 54,580 shares during the period. Finally, DnB Asset Management AS boosted its position in shares of Vail Resorts by 1.9% in the first quarter. DnB Asset Management AS now owns 181,011 shares of the company’s stock valued at $28,965,000 after acquiring an additional 3,436 shares during the period. 94.90% of the stock is owned by institutional investors.

Vail Resorts Stock Down 0.8%

Shares of NYSE MTN opened at $148.92 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.47 and a beta of 0.86. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The stock has a 50-day moving average price of $152.79 and a two-hundred day moving average price of $152.06.

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

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 9th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $8.88 annualized dividend and a yield of 6.0%. Vail Resorts’s payout ratio is presently 119.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MTN shares. Wall Street Zen cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Barclays reduced their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research report on Tuesday, September 30th. Mizuho reduced their target price on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 target price (down previously from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Finally, Bank of America dropped their price target on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $174.90.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of the stock in a transaction on Tuesday, October 7th. The stock was purchased at an average price of $155.00 per share, with a total value of $32,550.00. Following the completion of the purchase, the chief financial officer owned 4,905 shares in the company, valued at $760,275. The trade was a 4.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

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.