Sequoia Financial Advisors LLC Makes New $20.32 Million Investment in Vail Resorts, Inc. (NYSE:MTN)

Sequoia Financial Advisors LLC acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 126,955 shares of the company's stock, valued at approximately $20,315,000. Sequoia Financial Advisors LLC owned about 0.34% of Vail Resorts as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc acquired a new stake in Vail Resorts in the fourth quarter worth $225,000. Global Retirement Partners LLC increased its position in Vail Resorts by 30.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,168 shares of the company's stock worth $219,000 after buying an additional 270 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Vail Resorts in the 4th quarter valued at $442,000. Bank of New York Mellon Corp boosted its holdings in shares of Vail Resorts by 13.2% during the 4th quarter. Bank of New York Mellon Corp now owns 416,586 shares of the company's stock worth $78,089,000 after buying an additional 48,721 shares during the period. Finally, Argonautica Private Wealth Management Inc. grew its position in shares of Vail Resorts by 6.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company's stock valued at $277,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

MTN has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a report on Wednesday, May 28th. Barclays reaffirmed an "underweight" rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Mizuho raised their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Truist Financial reduced their price target on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Finally, Bank of America upped their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Stock Performance

Shares of NYSE:MTN traded down $0.34 during trading on Friday, hitting $156.83. The company's stock had a trading volume of 167,729 shares, compared to its average volume of 592,804. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.91 and a beta of 0.91. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The company has a 50-day moving average of $149.28 and a 200-day moving average of $160.89. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The company 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%. Vail Resorts's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.54 EPS. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be given a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 5.66%. Vail Resorts's payout ratio is presently 113.55%.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch purchased 200 shares of the stock in a transaction on Friday, June 20th. The stock was bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer now owns 3,156 shares in the company, valued at $495,492. The trade was a 6.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.