Northwestern Mutual Wealth Management Co. Makes New Investment in Vail Resorts, Inc. $MTN

Key Points

• Northwestern Mutual Wealth Management purchased 7,425 shares of Vail Resorts, valued at approximately $1.01 million. Institutional investors collectively own 94.9% of the company.
• Analysts maintain a consensus “Hold” rating on MTN, with an average price target of $149.83; ratings include five Buys, seven Holds and three Sells.
• Vail Resorts reported quarterly EPS of $8.81, below the $8.97 estimate, while revenue reached $1.21 billion but declined 7% year over year. The company paid a quarterly dividend of $2.22, equivalent to a 6% annualized yield.

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,425 shares of the company's stock, valued at approximately $1,011,000.

A number of other hedge funds have also recently modified their holdings of the business. BOKF NA increased its stake in shares of Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company's stock worth $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock worth $27,000 after purchasing an additional 155 shares during the period. Golden State Wealth Management LLC lifted its position in Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Danske Bank A S purchased a new position in Vail Resorts during the third quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company's stock valued at $31,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MTN. JPMorgan Chase & Co. upped their price target on Vail Resorts from $124.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 9th. Stifel Nicolaus lowered their price objective on Vail Resorts from $172.00 to $167.00 and set a "buy" rating on the stock in a research report on Tuesday, June 9th. Mizuho set a $174.00 price objective on Vail Resorts in a research report on Tuesday, June 9th. Zacks Research upgraded Vail Resorts from a "strong sell" rating to a "hold" rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $143.00 to $134.00 and set a "hold" rating for the company in a report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Vail Resorts has a consensus rating of "Hold" and a consensus price target of $149.83.

Vail Resorts Stock Down 1.3%

MTN opened at $148.07 on Wednesday. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 9.90 and a beta of 0.70. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The firm's fifty day moving average is $146.18 and its 200 day moving average is $137.01. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $165.50.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.97 by ($0.16). The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company's quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.54 EPS. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 4.32 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $2.22 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.0%. Vail Resorts's dividend payout ratio is 201.82%.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company's signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.

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