Fiduciary Family Office LLC Invests $382,000 in Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Fiduciary Family Office LLC purchased 2,387 shares of Vail Resorts, Inc. (NYSE:MTN) for approximately $382,000 in the 1st quarter.
• Vail Resorts reported $10.54 EPS for the latest quarter, exceeding the analysts' expectations of $10.00, while its revenue increased by 1.0% year-over-year to $1.30 billion.
• The company declared a quarterly dividend of $2.22, translating to an annualized payout of $8.88 and a dividend yield of 6.0%.

Fiduciary Family Office LLC acquired a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,387 shares of the company's stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTN. Point72 Asset Management L.P. increased its holdings in Vail Resorts by 170.1% in the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock worth $102,427,000 after buying an additional 344,095 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after buying an additional 289,484 shares during the period. First Pacific Advisors LP increased its holdings in Vail Resorts by 54.2% in the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock worth $128,910,000 after buying an additional 283,299 shares during the period. TPG GP A LLC increased its holdings in Vail Resorts by 19.9% in the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after buying an additional 172,082 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its holdings in Vail Resorts by 402.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 186,356 shares of the company's stock worth $34,932,000 after buying an additional 149,237 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 200 shares of Vail Resorts stock in a transaction dated Friday, June 20th. The shares were acquired at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer directly owned 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Vail Resorts Price Performance

Shares of NYSE:MTN traded up $4.09 during midday trading on Wednesday, reaching $154.90. 584,955 shares of the company's stock traded hands, compared to its average volume of 676,858. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The company has a market cap of $5.75 billion, a P/E ratio of 19.81, a PEG ratio of 1.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The company has a fifty day simple moving average of $156.93 and a two-hundred day simple moving average of $154.88.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its 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. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $9.54 EPS. The business's revenue was up 1.0% on a year-over-year basis. Equities analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's payout ratio is currently 113.55%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho increased 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. UBS Group dropped their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Bank of America raised their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Truist Financial dropped their price objective on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. One investment 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, Vail Resorts has an average rating of "Hold" and an average price target of $187.20.

Vail Resorts 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.