Envestnet Asset Management Inc. Lowers 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 its most recent disclosure with the SEC. The fund owned 109,560 shares of the company's stock after selling 31,024 shares during the period. Envestnet Asset Management Inc. owned about 0.29% of Vail Resorts worth $17,532,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts in the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC grew its holdings in shares of Vail Resorts by 102.5% in 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 last quarter. Alpine Bank Wealth Management bought a new position in shares of Vail Resorts in the first quarter worth approximately $40,000. GAMMA Investing LLC grew its holdings 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 purchasing an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC grew its holdings 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 purchasing an additional 180 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Vail Resorts Stock Up 0.8%

Vail Resorts stock traded up $1.21 on Friday, hitting $159.27. 589,397 shares of the stock traded hands, compared to its average volume of 604,451. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. The firm has a market cap of $5.92 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The business's fifty day simple moving average is $156.31 and its 200 day simple moving average is $158.08. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion during 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%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $9.54 earnings per share. As a group, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed 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 5.58%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's dividend payout ratio is currently 113.55%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MTN. Truist Financial cut their target price on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Mizuho raised their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Bank of America raised their price target on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on 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 given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vail Resorts has an average rating of "Hold" and an average target price of $187.20.

Insider Buying and Selling

In other news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction on Friday, June 20th. The stock was acquired at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the transaction, the chief financial officer owned 3,156 shares of the company's stock, valued at $495,492. This represents a 6.77% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed 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.