Vail Resorts, Inc. (NYSE:MTN) Shares Purchased by Heartland Advisors Inc.

Key Points

• Heartland Advisors Inc. increased its stake in Vail Resorts, Inc. by 27.1% during Q1, owning approximately $11.21 million worth of the stock.
• Several investment firms, including Cetera Investment Advisers and First Pacific Advisors LP, have also raised their holdings in Vail Resorts during the same period.
• Vail Resorts declared a quarterly dividend of $2.22 per share, reflecting an annualized payout of $8.88 and a yield of 5.64%, despite a dividend payout ratio of 113.55%.

Heartland Advisors Inc. lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,073 shares of the company's stock after acquiring an additional 14,941 shares during the period. Heartland Advisors Inc. owned 0.19% of Vail Resorts worth $11,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in Vail Resorts during the fourth quarter worth about $33,000. Golden State Wealth Management LLC boosted its holdings in Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Vail Resorts in the 1st quarter valued at approximately $40,000. GAMMA Investing LLC increased its holdings in shares of Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after buying an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC increased its holdings in shares of 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 buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch bought 200 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of $157.00 per share, for a total transaction 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 trade represents a 6.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Vail Resorts Stock Down 1.9%

NYSE:MTN traded down $2.98 during midday trading on Tuesday, reaching $155.72. The company had a trading volume of 136,353 shares, compared to its average volume of 688,929. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.98 and a beta of 0.91. 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 stock's fifty day simple moving average is $157.75 and its 200-day simple moving average is $156.79.

Vail Resorts (NYSE:MTN - Get Free Report) last announced 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. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $9.54 earnings per share. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's dividend payout ratio is presently 113.55%.

Wall Street Analysts Forecast Growth

MTN has been the subject of several analyst reports. Bank of America increased their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, May 29th. UBS Group reduced their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price for the company in a research note on Wednesday, May 28th. Finally, Mizuho lifted their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. One equities research 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. Based on data from MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and a consensus target price of $187.20.

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.