Parr Mcknight Wealth Management Group LLC Acquires New Shares in Vail Resorts, Inc. (NYSE:MTN)

Parr Mcknight Wealth Management Group LLC bought a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,417 shares of the company's stock, valued at approximately $1,015,000.

Several other large investors also recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. grew its position in shares of Vail Resorts by 20.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock valued at $74,000 after purchasing an additional 67 shares during the period. Sterling Capital Management LLC grew its position in shares of Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after purchasing an additional 69 shares during the period. Accretive Wealth Partners LLC grew its position in shares of Vail Resorts by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company's stock valued at $992,000 after purchasing an additional 80 shares during the period. UMB Bank n.a. grew its position in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after acquiring an additional 83 shares during the period. Finally, Argonautica Private Wealth Management Inc. increased its stake in Vail Resorts by 6.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company's stock worth $277,000 after acquiring an additional 96 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 1.1%

Shares of NYSE MTN traded down $1.88 on Thursday, hitting $162.76. The company had a trading volume of 245,665 shares, compared to its average volume of 588,576. The firm has a market capitalization of $6.08 billion, a P/E ratio of 27.03, a PEG ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The business has a 50 day moving average of $146.28 and a two-hundred day moving average of $164.74.

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

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio is presently 130.21%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch bought 185 shares of Vail Resorts stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $160.00 per share, with a total value of $29,600.00. Following the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MTN has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research note on Wednesday. Barclays restated an "underweight" rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Bank of America upped their price target on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday. Morgan Stanley set a $152.00 price target on Vail Resorts in a research note on Friday, April 25th. Finally, Macquarie decreased their target price on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $189.10.

Vail Resorts 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.