Oak Thistle LLC Acquires New Shares in Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Oak Thistle LLC has acquired 1,768 shares of Vail Resorts, Inc. (NYSE:MTN), valued at approximately $283,000, during the 1st quarter of the year.
• Vail Resorts reported $10.54 earnings per share for the quarter, exceeding analysts' expectations of $10.00, with a revenue of $1.30 billion.
• The company announced a quarterly dividend of $2.22 per share, representing an annualized dividend yield of 5.53% and a payout ratio of 113.55%.

Oak Thistle LLC purchased 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 (SEC). The fund purchased 1,768 shares of the company's stock, valued at approximately $283,000.

A number of other institutional investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS increased its holdings in shares of Vail Resorts by 5.1% during the 1st quarter. KLP Kapitalforvaltning AS now owns 8,300 shares of the company's stock worth $1,344,000 after acquiring an additional 400 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Vail Resorts during the 1st quarter worth approximately $1,397,000. Allianz Asset Management GmbH increased its holdings in shares of Vail Resorts by 21.3% in the first quarter. Allianz Asset Management GmbH now owns 4,237 shares of the company's stock valued at $678,000 after purchasing an additional 745 shares during the last quarter. South Dakota Investment Council increased its holdings in shares of Vail Resorts by 89.5% in the first quarter. South Dakota Investment Council now owns 21,134 shares of the company's stock valued at $3,382,000 after purchasing an additional 9,979 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Vail Resorts in the first quarter valued at $798,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on MTN shares. UBS Group decreased their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Bank of America upped their target price on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Mizuho upped their target price on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $187.20.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of Vail Resorts stock in a transaction on Friday, June 20th. The shares were purchased at an average price of $157.00 per share, with a total value of $31,400.00. Following the acquisition, the chief financial officer owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

Shares of MTN traded down $1.91 during trading hours on Tuesday, hitting $156.79. 70,899 shares of the company were exchanged, compared to its average volume of 688,479. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.98 and a beta of 0.91. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. The firm's fifty day moving average is $157.75 and its 200 day moving average is $156.79.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. The firm 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%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $9.54 earnings per share. On average, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were given a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 5.66%. Vail Resorts's dividend payout ratio is 113.55%.

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.