Artisan Partners Limited Partnership Purchases 191 Shares of Vail Resorts, Inc. (NYSE:MTN)

Artisan Partners Limited Partnership lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 359,749 shares of the company’s stock after purchasing an additional 191 shares during the period. Artisan Partners Limited Partnership’s holdings in Vail Resorts were worth $67,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bamco Inc. NY increased its position in Vail Resorts by 2.7% during the third quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock worth $903,717,000 after buying an additional 136,328 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Vail Resorts by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company’s stock worth $696,687,000 after acquiring an additional 25,916 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Vail Resorts by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company’s stock valued at $225,348,000 after acquiring an additional 47,417 shares during the period. Geode Capital Management LLC lifted its holdings in Vail Resorts by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock valued at $113,252,000 after purchasing an additional 8,422 shares during the last quarter. Finally, First Pacific Advisors LP boosted its position in Vail Resorts by 12.4% during the fourth quarter. First Pacific Advisors LP now owns 522,285 shares of the company’s stock worth $97,902,000 after purchasing an additional 57,484 shares during the period. 94.94% of the stock is owned by institutional investors.

Vail Resorts Trading Down 1.9 %

Shares of NYSE:MTN opened at $161.06 on Friday. The business’s 50 day simple moving average is $163.87 and its 200 day simple moving average is $174.29. Vail Resorts, Inc. has a 1 year low of $151.99 and a 1 year high of $233.57. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The company has a market capitalization of $6.01 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.93 and a beta of 1.12.

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

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch acquired 185 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now directly owns 2,956 shares in the company, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MTN. JPMorgan Chase & Co. increased their price objective on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research report on Tuesday, March 11th. Truist Financial cut their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Macquarie decreased their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Finally, Barclays restated an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $193.56.

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.