Vail Resorts, Inc. (NYSE:MTN) Shares Purchased by Swiss National Bank

Swiss National Bank grew its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,700 shares of the company’s stock after purchasing an additional 300 shares during the period. Swiss National Bank owned approximately 0.20% of Vail Resorts worth $13,815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in Vail Resorts during the 4th quarter worth about $42,532,000. Point72 Asset Management L.P. acquired a new stake in shares of Vail Resorts during the third quarter worth about $35,264,000. FMR LLC boosted its stake in shares of Vail Resorts by 1,080.8% in the third quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after purchasing an additional 190,210 shares during the period. Bamco Inc. NY grew its holdings in shares of Vail Resorts by 2.7% in the third quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after purchasing an additional 136,328 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Vail Resorts during the 4th quarter worth approximately $23,170,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MTN shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Truist Financial reduced their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Barclays reissued an “underweight” rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $193.56.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at approximately $472,960. The trade was a 6.68 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

Vail Resorts Stock Up 1.9 %

Vail Resorts stock opened at $163.85 on Thursday. The stock has a 50 day moving average of $166.28 and a two-hundred day moving average of $175.19. Vail Resorts, Inc. has a twelve month low of $151.99 and a twelve month high of $233.57. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.93 and a beta of 1.12. The company has a current ratio of 0.63, a quick ratio of 0.51 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 analysts’ consensus estimates of $6.29 by $0.27. The firm had revenue of $1.14 billion for 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%. Vail Resorts’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $5.76 EPS. As a group, research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a dividend of $2.22 per share. The ex-dividend date is Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 5.42%. Vail Resorts’s dividend payout ratio is currently 130.21%.

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.