Stokes Family Office LLC Increases Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Stokes Family Office LLC increased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 43.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,056 shares of the company’s stock after purchasing an additional 4,276 shares during the period. Stokes Family Office LLC’s holdings in Vail Resorts were worth $2,635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTN. Huntington National Bank grew its position in shares of Vail Resorts by 71.0% in the third quarter. Huntington National Bank now owns 419 shares of the company’s stock valued at $73,000 after purchasing an additional 174 shares during the period. Empowered Funds LLC boosted its holdings in Vail Resorts by 30.9% in the third quarter. Empowered Funds LLC now owns 3,076 shares of the company’s stock valued at $536,000 after acquiring an additional 727 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Vail Resorts by 6.6% in the third quarter. Natixis Advisors LLC now owns 18,571 shares of the company’s stock valued at $3,237,000 after acquiring an additional 1,152 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in Vail Resorts by 39.9% in the third quarter. Pathstone Holdings LLC now owns 8,962 shares of the company’s stock valued at $1,562,000 after acquiring an additional 2,557 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Vail Resorts in the third quarter valued at $1,152,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MTN. Morgan Stanley reduced their target price on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Mizuho reduced their price objective on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. boosted their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus boosted their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $193.56.

Insider Activity

In related news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares of the company’s stock, valued at $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Stock Down 1.2 %

Shares of Vail Resorts stock opened at $160.53 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm has a market cap of $5.99 billion, a P/E ratio of 26.67, a P/E/G ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a fifty-two week low of $151.99 and a fifty-two week high of $233.57. The business has a 50-day moving average price of $166.60 and a 200 day moving average price of $175.27.

Vail Resorts (NYSE:MTN) last announced 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 firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.76 earnings per share. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

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.