ProVise Management Group LLC Buys Shares of 1,825 Vail Resorts, Inc. (NYSE:MTN)

Key Points

• ProVise Management Group LLC has acquired a new stake in Vail Resorts, purchasing 1,825 shares valued at approximately $292,000 during the first quarter.
• Analysts have recently adjusted their price targets for Vail Resorts, with Deutsche Bank lowering it from $183.00 to $171.00, while Truist Financial decreased it from $247.00 to $244.00, indicating a general consensus rating of "Hold."
• Vail Resorts has reported a quarterly earnings per share (EPS) of $10.54, beating expectations, and approved a dividend of $2.22 per share, marking a dividend yield of 6.0%.

ProVise Management Group LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,825 shares of the company's stock, valued at approximately $292,000.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC grew its stake in shares of Vail Resorts by 102.5% in 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 during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Vail Resorts in the 1st quarter worth approximately $40,000. GAMMA Investing LLC grew its stake in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after purchasing an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC grew its stake in shares of Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Vail Resorts Stock Down 0.1%

Shares of MTN stock traded down $0.15 during trading on Wednesday, hitting $148.95. 191,946 shares of the company were exchanged, compared to its average volume of 683,744. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.83 and a beta of 0.90. The business's 50-day simple moving average is $158.03 and its 200 day simple moving average is $155.68. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $9.54 earnings per share. As a group, analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is currently 113.55%.

Wall Street Analysts Forecast Growth

MTN has been the subject of several recent analyst reports. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Truist Financial decreased their target price on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a report on Friday, June 6th. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price for the company in a report on Wednesday, May 28th. Bank of America raised their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, Mizuho raised their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $187.20.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of Vail Resorts stock in a transaction on Friday, June 20th. The stock was purchased at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the purchase, the chief financial officer directly owned 3,156 shares of the company's stock, valued at $495,492. The trade was a 6.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company's stock.

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.