First Pacific Advisors LP Acquires 283,299 Shares of Vail Resorts, Inc. (NYSE:MTN)

First Pacific Advisors LP grew its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 54.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 805,584 shares of the company's stock after buying an additional 283,299 shares during the quarter. Vail Resorts accounts for approximately 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 quarter.

Other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of Vail Resorts in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC raised its holdings 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 period. Alpine Bank Wealth Management bought a new stake in shares of Vail Resorts in the 1st quarter worth approximately $40,000. GAMMA Investing LLC raised its holdings in Vail Resorts by 75.3% during the 1st 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 period. Finally, GeoWealth Management LLC raised its holdings in Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares during the period. Institutional investors own 94.90% of the company's stock.

Insiders Place Their Bets

In related news, CFO Angela A. Korch bought 200 shares of the firm's stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the purchase, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. This 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 link. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Stock Down 0.2%

Shares of MTN stock traded down $0.31 during trading hours on Monday, hitting $160.25. 125,128 shares of the company's stock traded hands, compared to its average volume of 690,707. The stock's fifty day simple moving average is $157.63 and its two-hundred day simple moving average is $156.93. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.98 and a beta of 0.91. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

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 net margin of 9.81% and a return on equity of 30.25%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $9.54 earnings per share. The business's revenue was up 1.0% on a year-over-year basis. On average, analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MTN. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Truist Financial reduced their target price 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. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a research note on Wednesday, May 28th. Mizuho increased their target price on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Finally, 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 research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and a consensus target price of $187.20.

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.