Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 56.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,057 shares of the company's stock after acquiring an additional 2,179 shares during the quarter. Corient Private Wealth LLC's holdings in Vail Resorts were worth $1,135,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in MTN. Alberta Investment Management Corp purchased a new position in Vail Resorts during the fourth quarter worth about $3,134,000. Western Pacific Wealth Management LP acquired a new stake in shares of Vail Resorts in the fourth quarter worth approximately $291,000. Stifel Financial Corp grew its holdings in Vail Resorts by 47.6% in the third quarter. Stifel Financial Corp now owns 21,131 shares of the company's stock valued at $3,683,000 after purchasing an additional 6,816 shares during the period. Mutual of America Capital Management LLC increased its position in Vail Resorts by 146.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company's stock worth $24,946,000 after purchasing an additional 79,183 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Vail Resorts by 17.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock worth $5,187,000 after purchasing an additional 4,080 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch acquired 185 shares of Vail Resorts stock in a transaction that occurred on 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 acquisition, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at $472,960. This trade represents a 6.68 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MTN shares. Truist Financial lowered their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, December 10th. StockNews.com upgraded Vail Resorts from a "sell" rating to a "hold" rating in a research note on Friday, December 13th. Mizuho cut their price objective on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Vail Resorts from $185.00 to $196.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. raised their price target 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 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 MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $193.56.

Vail Resorts Stock Performance

NYSE MTN traded up $0.59 during trading hours on Friday, hitting $161.59. The company had a trading volume of 570,905 shares, compared to its average volume of 568,648. 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 $6.03 billion, a P/E ratio of 26.84, a price-to-earnings-growth 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 fifty day simple moving average of $163.56 and a 200-day simple moving average of $174.11.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping analysts' consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.76 EPS. Equities analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.50%. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

Vail Resorts Company 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.