Frank Rimerman Advisors LLC Boosts Position in Vail Resorts, Inc. $MTN

Frank Rimerman Advisors LLC raised its position in Vail Resorts, Inc. (NYSE:MTN) by 98.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,853 shares of the company’s stock after acquiring an additional 3,397 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Vail Resorts were worth $879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BOKF NA increased its position in shares of Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares during the period. Danske Bank A S bought a new position in shares of Vail Resorts in the 3rd quarter worth approximately $30,000. Golden State Wealth Management LLC boosted its holdings in shares of Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Vail Resorts by 1,585.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Mizuho set a $174.00 price target on shares of Vail Resorts in a research report on Tuesday, June 9th. Barclays dropped their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price objective on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Finally, Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $151.45.

Vail Resorts Stock Performance

Shares of NYSE MTN opened at $147.63 on Friday. The firm has a fifty day moving average price of $132.94 and a 200-day moving average price of $134.25. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The stock has a market cap of $5.26 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 13.48 and a beta of 0.71. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $172.00.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned $10.54 earnings per share. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities analysts anticipate that Vail Resorts, Inc. will post 4.31 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s dividend payout ratio is presently 201.82%.

Vail Resorts Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.