Northwestern Mutual Wealth Management Co. Acquires Shares of 7,425 Vail Resorts, Inc. $MTN

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,425 shares of the company’s stock, valued at approximately $1,011,000.

Several other hedge funds have also recently modified their holdings of the stock. BOKF NA boosted its position in shares of Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. Danske Bank A S bought a new stake in Vail Resorts in the 3rd quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after acquiring an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MTN. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Truist Financial cut their price objective on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Barclays decreased their target price on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Finally, UBS Group reissued a “neutral” rating on shares of Vail Resorts in a research note on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $149.83.

Vail Resorts Price Performance

Vail Resorts stock opened at $148.07 on Wednesday. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 9.90 and a beta of 0.70. The firm’s fifty day moving average is $146.18 and its 200 day moving average is $137.01. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $165.50.

Vail Resorts (NYSE:MTN) last released 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business earned $10.54 EPS. Vail Resorts’s revenue for the quarter was down 7.0% compared to the same quarter last year. Sell-side analysts forecast that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th 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 Thursday, June 25th. Vail Resorts’s dividend payout ratio is currently 201.82%.

Vail Resorts Company 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.