Parr Mcknight Wealth Management Group LLC Takes $1.02 Million Position in Vail Resorts, Inc. (NYSE:MTN)

Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,417 shares of the company's stock, valued at approximately $1,015,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bamco Inc. NY increased its holdings in shares of Vail Resorts by 2.0% during the 4th quarter. Bamco Inc. NY now owns 5,290,546 shares of the company's stock worth $991,713,000 after buying an additional 105,410 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Vail Resorts by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock worth $696,687,000 after buying an additional 25,916 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Vail Resorts by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company's stock worth $225,348,000 after purchasing an additional 47,417 shares during the period. TPG GP A LLC boosted its position in shares of Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after purchasing an additional 172,082 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after purchasing an additional 289,484 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Vail Resorts Stock Performance

Shares of NYSE:MTN traded up $13.80 during midday trading on Wednesday, hitting $165.30. The stock had a trading volume of 3,425,812 shares, compared to its average volume of 589,364. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The company has a market capitalization of $6.17 billion, a PE ratio of 27.46, a P/E/G ratio of 1.93 and a beta of 0.91. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The stock has a 50 day moving average price of $146.18 and a two-hundred day moving average price of $164.73.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $5.76 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MTN shares. Morgan Stanley set a $152.00 price objective on shares of Vail Resorts in a research report on Friday, April 25th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective for the company in a research report on Wednesday. Mizuho decreased their price target on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Bank of America lifted their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Barclays reaffirmed an "underweight" rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vail Resorts currently has a consensus rating of "Hold" and a consensus price target of $189.10.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch acquired 185 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the transaction, the chief financial officer now directly owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

About Vail Resorts

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.