Parr Mcknight Wealth Management Group LLC Has $1.21 Million Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Parr Mcknight Wealth Management Group LLC raised its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 39.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,528 shares of the company's stock after buying an additional 2,111 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Vail Resorts were worth $1,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in Vail Resorts in the 4th quarter valued at approximately $33,000. Golden State Wealth Management LLC grew its holdings in shares of Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Vail Resorts during the 1st quarter worth approximately $40,000. GAMMA Investing LLC grew its holdings in shares of Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after purchasing an additional 116 shares in the last quarter. Finally, GeoWealth Management LLC grew its holdings in shares of Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

MTN has been the topic of several recent research reports. 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. Mizuho lifted their price objective on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. 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. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Finally, UBS Group decreased their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. One investment 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $187.20.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the business's stock in a transaction on Friday, June 20th. The stock was purchased at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the transaction, the chief financial officer owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company's stock.

Vail Resorts Trading Up 2.1%

Shares of MTN opened at $169.74 on Friday. The stock has a fifty day moving average price of $154.19 and a two-hundred day moving average price of $159.11. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.05 and a beta of 0.91.

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 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 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 company posted $9.54 EPS. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were given 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 5.23%. Vail Resorts's payout ratio is 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.

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