Raymond James Financial Inc. Has $20.68 Million Stake in Vail Resorts, Inc. $MTN

Key Points

• Raymond James Financial Inc. increased its holdings of Vail Resorts shares by 4.5% in the first quarter, owning approximately 0.35% of the company valued at $20.68 million.
• Insider trading revealed that CFO Angela A. Korch purchased 200 shares at $157.00 each, marking a 6.77% increase in her ownership of the stock.
• Vail Resorts recently announced a quarterly dividend of $2.22 per share, reflecting an annualized dividend yield of 5.6%, with a payout ratio of 113.55%.

Raymond James Financial Inc. increased its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,219 shares of the company's stock after purchasing an additional 5,615 shares during the period. Raymond James Financial Inc. owned approximately 0.35% of Vail Resorts worth $20,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTN. SouthState Corp bought a new stake in Vail Resorts during the first quarter worth about $29,000. Heck Capital Advisors LLC acquired a new stake in Vail Resorts in the fourth quarter valued at $33,000. Golden State Wealth Management LLC lifted its stake in Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after acquiring an additional 123 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in Vail Resorts in the first quarter valued at $40,000. Finally, GAMMA Investing LLC lifted its stake in Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after acquiring an additional 116 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

Shares of MTN traded down $0.13 during midday trading on Friday, reaching $163.89. 301,645 shares of the stock were exchanged, compared to its average volume of 476,498. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. The company has a market cap of $6.09 billion, a P/E ratio of 20.96, a PEG ratio of 2.03 and a beta of 0.90. The stock's 50 day simple moving average is $157.94 and its 200 day simple moving average is $154.02.

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

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were issued 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 5.4%. Vail Resorts's payout ratio is 113.55%.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 200 shares of the stock in a transaction dated Friday, June 20th. The stock was bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the acquisition, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

MTN has been the subject of a number of recent analyst reports. Mizuho increased their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. UBS Group cut their price target on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. upgraded shares of 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. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $187.20.

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.