Kingswood Wealth Advisors LLC Takes Position in Vail Resorts, Inc. (NYSE:MTN)

Kingswood Wealth Advisors LLC bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,418 shares of the company's stock, valued at approximately $1,027,000.

Other institutional investors have also recently bought and sold shares of the company. Western Pacific Wealth Management LP grew its holdings in shares of Vail Resorts by 45.8% in the 1st quarter. Western Pacific Wealth Management LP now owns 2,260 shares of the company's stock valued at $362,000 after buying an additional 710 shares during the period. SG Americas Securities LLC grew its holdings in shares of Vail Resorts by 990.4% in the 1st quarter. SG Americas Securities LLC now owns 15,156 shares of the company's stock valued at $2,425,000 after buying an additional 13,766 shares during the period. GAMMA Investing LLC grew its holdings in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after buying an additional 116 shares during the period. Procyon Advisors LLC grew its holdings in shares of Vail Resorts by 46.2% in the 1st quarter. Procyon Advisors LLC now owns 2,340 shares of the company's stock valued at $374,000 after buying an additional 739 shares during the period. Finally, Sendero Wealth Management LLC acquired a new position in shares of Vail Resorts in the 1st quarter valued at $326,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MTN shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a report on Wednesday, May 28th. Truist Financial dropped their target price 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. UBS Group lowered their price target 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. Finally, Barclays restated an "underweight" rating and set a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Trading Up 1.3%

Shares of MTN stock traded up $1.96 during trading hours on Monday, hitting $158.57. 1,122,857 shares of the company's stock traded hands, compared to its average volume of 592,199. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The stock's 50 day simple moving average is $148.20 and its 200 day simple moving average is $161.19. The stock has a market cap of $5.89 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $9.54 earnings per share. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

Insider Buying and Selling

In related news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction on Friday, June 20th. The shares were acquired at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the transaction, the chief financial officer now owns 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Vail Resorts 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.