126,955 Shares in Vail Resorts, Inc. (NYSE:MTN) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 126,955 shares of the company’s stock, valued at approximately $20,315,000. Sequoia Financial Advisors LLC owned about 0.34% of Vail Resorts as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTN. CIBC Asset Management Inc bought a new stake in Vail Resorts during the 4th quarter worth $225,000. Global Retirement Partners LLC grew its position in Vail Resorts by 30.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,168 shares of the company’s stock worth $219,000 after acquiring an additional 270 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Vail Resorts during the 4th quarter worth $442,000. Bank of New York Mellon Corp grew its position in Vail Resorts by 13.2% during the 4th quarter. Bank of New York Mellon Corp now owns 416,586 shares of the company’s stock worth $78,089,000 after acquiring an additional 48,721 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its position in Vail Resorts by 6.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock worth $277,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, CFO Angela A. Korch purchased 200 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average cost of $157.00 per share, with a total value of $31,400.00. Following the purchase, the chief financial officer now owns 3,156 shares in the company, valued at $495,492. This represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Vail Resorts Stock Down 1.7%

Shares of NYSE:MTN opened at $155.14 on Thursday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 1.94 and a beta of 0.91. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The business’s 50-day moving average is $148.90 and its 200-day moving average is $161.12. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $9.54 EPS. Equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Tuesday, June 24th. Vail Resorts’s dividend payout ratio (DPR) is currently 113.55%.

Analyst Ratings Changes

MTN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a research report on Thursday, May 29th. JPMorgan Chase & Co. raised Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 target price on the stock in a report on Wednesday, May 28th. Mizuho lifted their target price on Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a report on Friday, June 6th. Truist Financial cut their target price on Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, June 6th. Finally, Barclays reaffirmed an “underweight” rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average price target of $187.20.

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.