Sequoia Financial Advisors LLC Acquires 16,482 Shares of Vail Resorts, Inc. (NYSE:MTN)

Sequoia Financial Advisors LLC grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,960 shares of the company's stock after purchasing an additional 16,482 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.34% of Vail Resorts worth $27,577,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pittenger & Anderson Inc. lifted its holdings in shares of Vail Resorts by 125.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company's stock valued at $26,000 after buying an additional 65 shares during the last quarter. Park Place Capital Corp lifted its holdings in Vail Resorts by 531.6% in the 4th quarter. Park Place Capital Corp now owns 120 shares of the company's stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Rise Advisors LLC lifted its holdings in Vail Resorts by 62.2% in the 4th quarter. Rise Advisors LLC now owns 159 shares of the company's stock worth $34,000 after purchasing an additional 61 shares during the last quarter. Natixis bought a new stake in shares of Vail Resorts during the fourth quarter valued at approximately $52,000. Finally, Belpointe Asset Management LLC boosted its stake in Vail Resorts by 215.7% in the 1st quarter. Belpointe Asset Management LLC now owns 221 shares of the company's stock valued at $52,000 after buying an additional 151 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Truist Financial reissued a "buy" rating and issued a $290.00 price objective on shares of Vail Resorts in a research note on Friday, January 19th. Morgan Stanley increased their price objective on Vail Resorts from $247.00 to $248.00 and gave the stock an "equal weight" rating in a report on Thursday, March 7th. Mizuho assumed coverage on Vail Resorts in a report on Tuesday, March 26th. They set a "buy" rating and a $256.00 price objective for the company. Bank of America downgraded Vail Resorts from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $263.00 price target on shares of Vail Resorts in a research report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $266.33.

Vail Resorts Stock Performance

Shares of MTN traded up $1.41 during mid-day trading on Tuesday, reaching $232.25. The company's stock had a trading volume of 482,049 shares, compared to its average volume of 462,476. The stock has a market cap of $8.82 billion, a P/E ratio of 38.77, a PEG ratio of 2.43 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37. Vail Resorts, Inc. has a 1-year low of $204.88 and a 1-year high of $258.13. The business has a 50-day simple moving average of $224.94 and a two-hundred day simple moving average of $221.58.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing analysts' consensus estimates of $6.07 by ($0.31). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. Vail Resorts's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $5.16 EPS. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.75 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be paid a $2.22 dividend. This is a positive change from Vail Resorts's previous quarterly dividend of $2.06. The ex-dividend date is Wednesday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 3.82%. Vail Resorts's dividend payout ratio (DPR) is presently 148.25%.

Insider Activity

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares of the company's stock, valued at approximately $1,691,269.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

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.