PYA Waltman Capital LLC Purchases 4,470 Shares of Vail Resorts, Inc. (NYSE:MTN)

PYA Waltman Capital LLC grew its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 14.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,195 shares of the company's stock after purchasing an additional 4,470 shares during the quarter. Vail Resorts makes up about 1.8% of PYA Waltman Capital LLC's portfolio, making the stock its 15th largest position. PYA Waltman Capital LLC owned 0.09% of Vail Resorts worth $5,635,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Vail Resorts during the fourth quarter worth $80,669,000. Point72 Asset Management L.P. raised its holdings in shares of Vail Resorts by 170.1% in the fourth quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after purchasing an additional 344,095 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Vail Resorts by 42.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after buying an additional 289,484 shares during the last quarter. DnB Asset Management AS purchased a new stake in Vail Resorts during the fourth quarter worth about $33,286,000. Finally, TPG GP A LLC increased its holdings in Vail Resorts by 19.9% during the fourth quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after buying an additional 172,082 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Vail Resorts Price Performance

MTN traded down $3.96 during trading on Tuesday, reaching $160.15. 660,575 shares of the company traded hands, compared to its average volume of 601,092. 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 12-month low of $129.85 and a 12-month high of $199.45. The firm has a fifty day simple moving average of $154.69 and a 200 day simple moving average of $158.47. The company has a market cap of $5.95 billion, a P/E ratio of 20.48, a PEG ratio of 2.03 and a beta of 0.91.

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

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.54%. Vail Resorts's dividend payout ratio is currently 113.55%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTN. Bank of America increased their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. 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. Finally, UBS Group decreased their target price on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and a consensus price target of $187.20.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch bought 200 shares of the stock in a transaction dated 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 transaction, the chief financial officer 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company's stock.

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.