First Pacific Advisors LP Boosts Stake in Vail Resorts, Inc. (NYSE:MTN)

First Pacific Advisors LP increased its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 54.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 805,584 shares of the company's stock after acquiring an additional 283,299 shares during the period. Vail Resorts comprises about 2.1% of First Pacific Advisors LP's investment portfolio, making the stock its 18th biggest holding. First Pacific Advisors LP owned 2.16% of Vail Resorts worth $128,910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in Vail Resorts during the fourth quarter valued at $33,000. Golden State Wealth Management LLC raised its holdings in Vail Resorts by 102.5% during 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 period. Alpine Bank Wealth Management bought a new position in shares of Vail Resorts in the first quarter worth about $40,000. GAMMA Investing LLC boosted its stake in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after acquiring an additional 116 shares during the period. Finally, GeoWealth Management LLC boosted its stake in shares of Vail Resorts by 162.2% in 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 currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTN. Bank of America upped their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. UBS Group reduced their target price on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Truist Financial reduced their price objective on 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 reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Stock Up 1.9%

Shares of MTN stock traded up $2.92 during trading hours on Friday, reaching $160.51. 468,460 shares of the company's stock were exchanged, compared to its average volume of 610,139. The stock's 50 day moving average is $157.63 and its 200-day moving average is $157.25. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.94 and a beta of 0.91. 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, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45.

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, beating the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm earned $9.54 EPS. The firm's revenue was up 1.0% on a year-over-year basis. Analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's dividend payout ratio is currently 113.55%.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 200 shares of the business's stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $157.00 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. This trade represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.