Accuvest Global Advisors Takes Position in Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Accuvest Global Advisors has acquired 2,934 shares of Vail Resorts, valued at approximately $469,000, marking a new influence in the company's shareholder base.
• Vail Resorts reported earnings of $10.54 per share, surpassing analysts' expectations, although their revenue of $1.30 billion fell slightly short of estimates.
• Despite a quarterly dividend of $2.22 per share announced in June, Vail Resorts has a concerning payout ratio of 113.55%.

Accuvest Global Advisors bought a new position in Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,934 shares of the company's stock, valued at approximately $469,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. increased its stake in shares of Vail Resorts by 25.5% in the first quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock valued at $412,000 after buying an additional 523 shares during the period. GAMMA Investing LLC grew its holdings in shares of Vail Resorts by 27,955.2% during the 1st quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock worth $6,914,000 after acquiring an additional 43,051 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Vail Resorts in the 1st quarter worth $20,315,000. Principal Financial Group Inc. raised its holdings in Vail Resorts by 0.4% during the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock valued at $264,686,000 after acquiring an additional 5,788 shares during the period. Finally, LPL Financial LLC increased its stake in Vail Resorts by 41.5% during the fourth quarter. LPL Financial LLC now owns 18,510 shares of the company's stock worth $3,470,000 after acquiring an additional 5,430 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch acquired 200 shares of the firm's stock in a transaction that occurred 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 completion of the acquisition, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MTN. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. UBS Group lowered their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Bank of America boosted their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. 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, Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Price Performance

Shares of NYSE MTN traded down $1.67 during mid-day trading on Monday, hitting $147.05. 107,423 shares of the stock traded hands, compared to its average volume of 676,517. 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 firm has a 50 day simple moving average of $157.21 and a two-hundred day simple moving average of $155.04. The company has a market cap of $5.46 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.84 and a beta of 0.90. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business posted $9.54 earnings per share. Vail Resorts's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio is currently 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.