Focus Partners Wealth Acquires Shares of 117,344 Vail Resorts, Inc. (NYSE:MTN)

Focus Partners Wealth acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 117,344 shares of the company’s stock, valued at approximately $22,255,000. Focus Partners Wealth owned 0.31% of Vail Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MTN. Heck Capital Advisors LLC acquired a new position in Vail Resorts in the fourth quarter valued at $33,000. Blue Trust Inc. increased its stake in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 148 shares during the period. Eagle Bay Advisors LLC acquired a new position in Vail Resorts in the fourth quarter valued at $40,000. GeoWealth Management LLC increased its stake in shares of Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after acquiring an additional 180 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after acquiring an additional 83 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

NYSE:MTN opened at $145.15 on Monday. The firm has a 50 day simple moving average of $148.66 and a 200-day simple moving average of $166.44. 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 firm has a market cap of $5.42 billion, a PE ratio of 24.11, a P/E/G ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $206.38.

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 analysts’ consensus estimates of $6.29 by $0.27. The business 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 company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.76 earnings per share. On average, equities analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts’s dividend payout ratio is presently 130.21%.

Wall Street Analyst Weigh In

MTN has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Vail Resorts from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Morgan Stanley set a $152.00 price target on shares of Vail Resorts in a research note on Friday, April 25th. Barclays reiterated an “underweight” rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. JPMorgan Chase & Co. boosted their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 11th. Finally, Macquarie decreased their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $187.60.

Insider Activity

In other news, CFO Angela A. Korch acquired 185 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, with a total value 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 represents a 6.68% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

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.