Envestnet Asset Management Inc. Has $17.53 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Envestnet Asset Management Inc. decreased its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 22.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,560 shares of the company's stock after selling 31,024 shares during the quarter. Envestnet Asset Management Inc. owned 0.29% of Vail Resorts worth $17,532,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MTN. Heck Capital Advisors LLC purchased a new stake in shares of Vail Resorts during the 4th quarter worth $33,000. Golden State Wealth Management LLC grew its position in shares of Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after buying an additional 123 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Vail Resorts in the 1st quarter worth about $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 in the last quarter. Finally, GeoWealth Management LLC grew its position in Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after buying an additional 180 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America raised their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, May 29th. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective for the company in a research report on Wednesday, May 28th. UBS Group dropped their price target 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. Finally, Truist Financial lowered their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $187.20.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 200 shares of Vail Resorts stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average cost of $157.00 per share, with a total value of $31,400.00. Following the completion of the transaction, the chief financial officer directly owned 3,156 shares in the company, valued at approximately $495,492. The trade was 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. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Stock Performance

Shares of MTN traded up $0.33 during trading hours on Monday, hitting $159.57. The stock had a trading volume of 567,803 shares, compared to its average volume of 605,499. The stock has a fifty day moving average price of $156.59 and a 200 day moving average price of $157.56. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The firm has a market capitalization of $5.93 billion, a PE ratio of 20.41, a PEG ratio of 1.96 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business earned $9.54 earnings per share. Vail Resorts's quarterly revenue was up 1.0% on a year-over-year basis. Analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were paid 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 5.56%. Vail Resorts's dividend payout ratio (DPR) is 113.55%.

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.