Kingswood Wealth Advisors LLC Purchases Shares of 6,418 Vail Resorts, Inc. (NYSE:MTN)

Kingswood Wealth Advisors LLC acquired a new position in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,418 shares of the company's stock, valued at approximately $1,027,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings in Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock worth $165,000 after buying an additional 69 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its holdings in shares of Vail Resorts by 6.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company's stock valued at $277,000 after buying an additional 96 shares during the last quarter. Aurora Investment Managers LLC. increased its position in shares of Vail Resorts by 1.1% during the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock valued at $1,522,000 after acquiring an additional 104 shares in the last quarter. ProShare Advisors LLC raised its holdings in Vail Resorts by 6.7% in the 4th quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock worth $328,000 after acquiring an additional 110 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in Vail Resorts by 1.6% in the 4th quarter. Atria Investments Inc now owns 6,977 shares of the company's stock worth $1,308,000 after acquiring an additional 113 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

NYSE MTN traded up $1.19 during trading hours on Friday, hitting $156.36. 1,264,017 shares of the company's stock traded hands, compared to its average volume of 590,384. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The firm has a market capitalization of $5.81 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.92 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 business's fifty day moving average price is $147.60 and its two-hundred day moving average price is $162.00.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating 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 firm 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 EPS. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th will be given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts's payout ratio is 113.55%.

Wall Street Analyst Weigh In

A number of analysts have commented on MTN shares. Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, May 29th. Bank of America lifted their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. 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 note on Monday, March 10th. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research note on Wednesday, May 28th. Finally, Mizuho increased their price objective 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 assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.