KLP Kapitalforvaltning AS Takes $1.50 Million Position in Vail Resorts, Inc. (NYSE:MTN)

KLP Kapitalforvaltning AS acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the 4th quarter, HoldingsChannel reports. The firm acquired 7,900 shares of the company’s stock, valued at approximately $1,496,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts during the fourth quarter valued at approximately $33,000. Blue Trust Inc. grew its stake 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 acquired a new stake in Vail Resorts in the fourth quarter worth $40,000. UMB Bank n.a. lifted its stake in Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after buying an additional 83 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Vail Resorts by 418.6% during the third quarter. Quarry LP now owns 363 shares of the company’s stock valued at $63,000 after acquiring an additional 293 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Trading Up 0.4 %

Shares of Vail Resorts stock opened at $161.59 on Friday. The business has a fifty day simple moving average of $163.56 and a 200-day simple moving average of $174.16. Vail Resorts, Inc. has a fifty-two week low of $151.99 and a fifty-two week high of $233.57. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. 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 posted its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.29 by $0.27. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.76 EPS. On average, equities analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a $2.22 dividend. The ex-dividend date is Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 5.50%. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch acquired 185 shares of Vail Resorts stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. The trade was a 6.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. JPMorgan Chase & Co. lifted their price target on Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday, March 11th. Barclays reissued an “underweight” rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Stifel Nicolaus lifted their target price on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Truist Financial decreased their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $193.56.

Vail Resorts 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.