Vail Resorts, Inc. (NYSE:MTN) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 47.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,131 shares of the company's stock after acquiring an additional 6,816 shares during the quarter. Stifel Financial Corp owned about 0.06% of Vail Resorts worth $3,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTN. Signaturefd LLC lifted its holdings in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company's stock worth $25,000 after acquiring an additional 83 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Vail Resorts in the third quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in Vail Resorts during the third quarter worth $25,000. Brown Brothers Harriman & Co. lifted its stake in Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company's stock worth $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Vail Resorts by 123.5% during the third quarter. UMB Bank n.a. now owns 219 shares of the company's stock worth $38,000 after buying an additional 121 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

MTN has been the topic of several research reports. Morgan Stanley increased their target price on Vail Resorts from $182.00 to $197.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 10th. StockNews.com raised shares of Vail Resorts from a "sell" rating to a "hold" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the company a "hold" rating in a report on Monday, December 9th. Truist Financial reduced their target price on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $205.50.

Vail Resorts Stock Down 1.1 %

NYSE:MTN traded down $2.06 during trading hours on Tuesday, hitting $189.19. The company's stock had a trading volume of 358,537 shares, compared to its average volume of 531,134. Vail Resorts, Inc. has a 52-week low of $165.00 and a 52-week high of $236.92. The company has a current ratio of 0.63, a quick ratio of 0.71 and a debt-to-equity ratio of 3.64. The stock has a market capitalization of $7.08 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. The stock has a fifty day moving average of $177.70 and a 200-day moving average of $178.78.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping the consensus estimate of ($4.99) by $0.38. The business had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned ($4.60) EPS. On average, equities analysts forecast that Vail Resorts, Inc. will post 7.49 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 4.69%. Vail Resorts's dividend payout ratio is presently 147.51%.

Insider Activity

In other news, Director John F. Sorte sold 1,670 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares of the company's stock, valued at approximately $7,807,360.77. The trade was a 3.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Angela A. Korch purchased 165 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the purchase, the chief financial officer now directly owns 2,187 shares in the company, valued at $378,547.83. The trade was a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

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.