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 purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,934 shares of the company's stock, valued at approximately $469,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTN. LPL Financial LLC grew its holdings in shares of Vail Resorts by 41.5% during the fourth quarter. LPL Financial LLC now owns 18,510 shares of the company's stock valued at $3,470,000 after buying an additional 5,430 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Vail Resorts in the fourth quarter valued at about $224,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vail Resorts during the fourth quarter worth about $288,000. Bank of Montreal Can increased its holdings in Vail Resorts by 37.4% in the 4th quarter. Bank of Montreal Can now owns 6,010 shares of the company's stock worth $1,127,000 after buying an additional 1,637 shares during the period. Finally, Invesco Ltd. raised its position in Vail Resorts by 3.4% during the 4th quarter. Invesco Ltd. now owns 71,816 shares of the company's stock worth $13,462,000 after buying an additional 2,372 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Vail Resorts Price Performance

MTN traded down $0.86 during trading on Friday, hitting $148.63. The company's stock had a trading volume of 321,720 shares, compared to its average volume of 578,349. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. The business's fifty day simple moving average is $157.21 and its 200 day simple moving average is $155.24. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.85 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 announced its earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.54 earnings per share. On average, equities research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.0%. Vail Resorts's dividend payout ratio is presently 113.55%.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch purchased 200 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $157.00 per share, with a total value of $31,400.00. Following the completion of the purchase, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. This represents a 6.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MTN shares. 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 report on Friday, June 6th. Bank of America increased their price target on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Finally, UBS Group decreased their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $187.20.

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.