Vail Resorts, Inc. (NYSE:MTN) Stock Position Raised by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Vail Resorts by 7.2%, bringing its total ownership to approximately 3.45% of the company's stock, valued at $206.25 million.
• Vail Resorts announced a quarterly dividend of $2.22 per share, resulting in an annualized yield of 6.0% despite a payout ratio of 113.55%.
• The company's stock has experienced fluctuations, opening at $148.63 with a 52-week range from $129.85 to $199.45 and a recent EPS of $10.54, exceeding analysts' estimates.

Charles Schwab Investment Management Inc. lifted its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,288,911 shares of the company's stock after acquiring an additional 86,735 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.45% of Vail Resorts worth $206,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. raised its holdings in shares of Vail Resorts by 170.1% in the fourth quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after buying an additional 344,095 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after purchasing an additional 289,484 shares during the last quarter. First Pacific Advisors LP raised its holdings in Vail Resorts by 54.2% during the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock worth $128,910,000 after purchasing an additional 283,299 shares during the last quarter. TPG GP A LLC raised its holdings in Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after purchasing an additional 172,082 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Vail Resorts by 402.1% during 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. Institutional investors and hedge funds own 94.90% of the company's stock.

Vail Resorts Stock Performance

Vail Resorts stock traded up $3.15 during trading on Tuesday, reaching $150.87. The company had a trading volume of 490,117 shares, compared to its average volume of 535,814. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The firm's 50-day simple moving average is $156.93 and its 200 day simple moving average is $154.88. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.82 and a beta of 0.90. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70.

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 analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm posted $9.54 earnings per share. Vail Resorts's revenue for the quarter was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were given a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a yield of 5.9%. Vail Resorts's payout ratio is 113.55%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MTN. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Mizuho upped their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. UBS Group dropped their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a research note 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 company. According to data from MarketBeat.com, Vail Resorts presently has an average rating of "Hold" and an average target price of $187.20.

Insiders Place Their Bets

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

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.