LPL Financial LLC Has $3.29 Million Position in Vail Resorts, Inc. $MTN

Key Points

• LPL Financial LLC increased its stock holdings in Vail Resorts, Inc. by 11.1%, now owning approximately $3.29 million worth of shares.
• Several other large investors have made adjustments to their positions in Vail Resorts, with institutional investors holding 94.90% of the company's stock.
• The company has a current consensus rating of "Hold" among analysts, with a price target averaging $187.20, reflecting varied outlooks on its stock performance.

LPL Financial LLC lifted its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 11.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,559 shares of the company's stock after acquiring an additional 2,049 shares during the period. LPL Financial LLC owned 0.06% of Vail Resorts worth $3,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Crossmark Global Holdings Inc. grew its holdings in Vail Resorts by 25.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock valued at $412,000 after buying an additional 523 shares during the last quarter. GAMMA Investing LLC grew its holdings in Vail Resorts by 27,955.2% in the 1st quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock valued at $6,914,000 after buying an additional 43,051 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Vail Resorts in the 1st quarter valued at approximately $20,315,000. Principal Financial Group Inc. grew its holdings in Vail Resorts by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock valued at $264,686,000 after buying an additional 5,788 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Vail Resorts in the 1st quarter valued at approximately $876,000. 94.90% of the stock is owned by institutional investors.

Vail Resorts Price Performance

MTN stock traded up $1.13 during trading on Tuesday, hitting $155.38. The company had a trading volume of 514,816 shares, compared to its average volume of 672,210. The company has a fifty day moving average price of $156.93 and a two-hundred day moving average price of $154.29. 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 company has a market cap of $5.77 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.90 and a beta of 0.90. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.Vail Resorts's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.54 EPS. Equities research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were paid a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.7%. Vail Resorts's payout ratio is currently 113.55%.

Analyst Ratings Changes

MTN has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Mizuho raised their target price on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Bank of America raised their target price on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Truist Financial decreased their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a report on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $187.20.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of Vail Resorts stock in a transaction on Friday, June 20th. The shares were bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the purchase, the chief financial officer 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.