Vail Resorts, Inc. (NYSE:MTN) Stake Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,294 shares of the company's stock after purchasing an additional 2,310 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.18% of Vail Resorts worth $12,806,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new position in Vail Resorts during the 4th quarter worth approximately $33,000. Blue Trust Inc. grew its position in Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after purchasing an additional 148 shares during the last quarter. GeoWealth Management LLC grew its position in Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares during the last quarter. UMB Bank n.a. grew its position in Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after purchasing an additional 83 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in Vail Resorts by 20.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock worth $74,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Morgan Stanley set a $152.00 price objective on shares of Vail Resorts in a research report on Friday, April 25th. Barclays reaffirmed an "underweight" rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Macquarie reduced their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Mizuho dropped their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Bank of America dropped their price objective on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $187.60.

Insider Buying and Selling

In other news, CFO Angela A. Korch bought 185 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. This represents a 6.68% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

Shares of Vail Resorts stock traded down $5.78 on Wednesday, hitting $145.01. The company had a trading volume of 520,169 shares, compared to its average volume of 578,573. The business has a 50-day simple moving average of $147.22 and a 200-day simple moving average of $165.47. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The company has a market cap of $5.41 billion, a PE ratio of 24.09, a PEG ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $200.23.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.29 by $0.27. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.76 earnings per share. Research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a $2.22 dividend. The ex-dividend date was Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.12%. Vail Resorts's payout ratio is currently 130.21%.

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.