Heartland Advisors Inc. Has $11.21 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

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 Vail Resorts, Inc. (NYSE:MTN - Free Report) by 27.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,073 shares of the company's stock after acquiring an additional 14,941 shares during the quarter. Heartland Advisors Inc. owned approximately 0.19% of Vail Resorts worth $11,213,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new position in Vail Resorts during the fourth quarter worth about $33,000. Golden State Wealth Management LLC boosted its stake in shares of Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after acquiring an additional 123 shares during the period. Alpine Bank Wealth Management bought a new stake in Vail Resorts in the 1st quarter valued at $40,000. GAMMA Investing LLC lifted its holdings in Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after purchasing an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC lifted its holdings in Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after purchasing an additional 180 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research 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 price target on the stock in a report on Wednesday, May 28th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Truist Financial lowered their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, Mizuho boosted their price target on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and a consensus target price of $187.20.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the transaction, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

Vail Resorts stock traded up $2.92 during trading hours on Friday, reaching $160.51. 468,460 shares of the stock were exchanged, compared to its average volume of 610,139. The stock has a 50 day moving average of $157.63 and a two-hundred day moving average of $157.09. The company has a market cap of $5.96 billion, a P/E ratio of 20.53, a price-to-earnings-growth 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. 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 released its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the prior year, the company earned $9.54 earnings per share. The company's quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were issued a $2.22 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.53%. Vail Resorts's dividend payout ratio (DPR) 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.