Institute for Wealth Management LLC. Increases Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Institute for Wealth Management LLC. boosted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,894 shares of the company’s stock after buying an additional 578 shares during the period. Institute for Wealth Management LLC.’s holdings in Vail Resorts were worth $2,042,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in Vail Resorts in the 3rd quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Vail Resorts during the third quarter valued at $25,000. Blue Trust Inc. grew its holdings in shares of Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 148 shares during the last quarter. UMB Bank n.a. lifted its holdings in Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after buying an additional 121 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in Vail Resorts during the 4th quarter valued at about $40,000. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Stock Performance

Shares of MTN opened at $172.06 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The firm has a market cap of $6.44 billion, a PE ratio of 28.58, a P/E/G ratio of 2.04 and a beta of 1.12. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. The stock has a fifty day moving average price of $182.85 and a 200-day moving average price of $178.96.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. During the same period last year, the business posted ($4.60) earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. Equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Thursday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MTN. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. lowered their target price on Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised their price target on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays increased their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $204.50.

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.