Vail Resorts, Inc. (NYSE:MTN) Shares Acquired by South Dakota Investment Council

South Dakota Investment Council lifted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 89.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,134 shares of the company's stock after acquiring an additional 9,979 shares during the period. South Dakota Investment Council owned 0.06% of Vail Resorts worth $3,382,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MTN. Heck Capital Advisors LLC acquired a new stake in Vail Resorts during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC lifted its holdings in shares of Vail Resorts by 102.5% during the first 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 period. Alpine Bank Wealth Management purchased a new position in Vail Resorts in the 1st quarter valued at $40,000. GAMMA Investing LLC grew its position in Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after buying an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in shares of Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after acquiring an additional 180 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the stock in a transaction on Friday, June 20th. The stock was purchased at an average price 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 in the company, valued at approximately $495,492. This trade represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MTN shares. Truist Financial lowered their price objective on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Mizuho upped their price objective on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Bank of America increased their price objective on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft cut 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 note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $187.20.

Vail Resorts Trading Up 0.8%

NYSE MTN opened at $159.27 on Friday. The company's fifty day simple moving average is $156.59 and its 200-day simple moving average is $157.68. The stock has a market cap of $5.92 billion, a P/E ratio of 20.37, a PEG ratio of 1.96 and a beta of 0.91. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. Vail Resorts's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $9.54 EPS. Equities research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal 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 $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 5.58%. Vail Resorts's payout ratio is 113.55%.

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.

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