Natixis Advisors LLC Has $2.02 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Natixis Advisors LLC reduced its stake in Vail Resorts, Inc. by 25% during the first quarter, now holding approximately $2.02 million in assets with 12,617 shares after selling 4,200 shares.
• Vail Resorts recently declared a quarterly dividend of $2.22 per share, with a current dividend yield of 6.0% and an annualized dividend totaling $8.88.
• Analysts have revised their price targets for Vail Resorts, with the average target set at $187.20; the stock has received various ratings from analysts, including one sell and seven hold ratings.

Natixis Advisors LLC cut its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 25.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,617 shares of the company's stock after selling 4,200 shares during the period. Natixis Advisors LLC's holdings in Vail Resorts were worth $2,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bamco Inc. NY raised its position in Vail Resorts by 2.0% in the fourth quarter. Bamco Inc. NY now owns 5,290,546 shares of the company's stock valued at $991,713,000 after purchasing an additional 105,410 shares during the period. Principal Financial Group Inc. increased its position in shares of Vail Resorts by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after purchasing an additional 5,788 shares during the last quarter. TPG GP A LLC lifted its position in shares of Vail Resorts by 19.9% in the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after buying an additional 172,082 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after buying an additional 289,484 shares during the last quarter. Finally, First Pacific Advisors LP grew its position in shares of Vail Resorts by 54.2% during the first quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock worth $128,910,000 after acquiring an additional 283,299 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MTN shares. Mizuho lifted their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. 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 research note on Wednesday, May 28th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Truist Financial lowered their target price on shares of 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, Bank of America upped their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $187.20.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 200 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was acquired 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 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Stock Up 1.6%

MTN traded up $2.47 during trading hours on Wednesday, hitting $153.28. 119,802 shares of the company's stock were exchanged, compared to its average volume of 673,727. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.82 and a beta of 0.90. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The stock's 50-day moving average is $156.93 and its two-hundred day moving average is $154.88. 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 announced its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $9.54 EPS. The company's quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued 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 5.8%. Vail Resorts's payout ratio is currently 113.55%.

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.