Frank Rimerman Advisors LLC Buys New Shares in Vail Resorts, Inc. (NYSE:MTN)

Frank Rimerman Advisors LLC bought a new stake in Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,354 shares of the company’s stock, valued at approximately $629,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in Vail Resorts during the 4th quarter worth about $33,000. Blue Trust Inc. lifted its holdings in Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after buying an additional 148 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in Vail Resorts during the 4th quarter worth about $40,000. UMB Bank n.a. lifted its holdings in Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after buying an additional 83 shares during the last quarter. Finally, Quarry LP lifted its holdings in Vail Resorts by 418.6% during the 3rd quarter. Quarry LP now owns 363 shares of the company’s stock worth $63,000 after buying an additional 293 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now owns 2,956 shares of the company’s stock, valued at $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MTN shares. Mizuho decreased their price target on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Morgan Stanley decreased their price target on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Barclays reaffirmed an “underweight” rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. JPMorgan Chase & Co. lifted their target price on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 11th. Finally, Truist Financial cut their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $193.56.

Vail Resorts Stock Performance

Shares of MTN stock opened at $159.68 on Monday. The stock has a market capitalization of $5.96 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a 52-week low of $151.99 and a 52-week high of $233.57. The stock’s 50-day moving average price is $167.25 and its 200 day moving average price is $175.55. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.76 EPS. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

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.