Vail Resorts, Inc. (NYSE:MTN) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 84.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,746 shares of the company's stock after purchasing an additional 23,712 shares during the period. CIBC Private Wealth Group LLC owned 0.14% of Vail Resorts worth $9,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC increased its position in Vail Resorts by 3.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company's stock worth $398,000 after purchasing an additional 65 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Vail Resorts by 20.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock worth $74,000 after buying an additional 67 shares during the last quarter. Accretive Wealth Partners LLC increased its holdings in shares of Vail Resorts by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company's stock worth $992,000 after buying an additional 80 shares during the last quarter. UMB Bank n.a. raised its position in shares of Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after buying an additional 83 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. lifted its holdings in shares of Vail Resorts by 6.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company's stock valued at $277,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

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Analyst Upgrades and Downgrades

MTN has been the topic of several analyst reports. 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. Morgan Stanley cut their target price on Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. Truist Financial lowered their price target on Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday, December 10th. Barclays reaffirmed an "underweight" rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Finally, Mizuho reduced their target price on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of "Hold" and a consensus price target of $193.56.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the acquisition, the chief financial officer now owns 2,956 shares of the company's stock, valued at $472,960. The trade was a 6.68 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Trading Down 6.5 %

Shares of NYSE:MTN traded down $10.07 during trading on Friday, reaching $144.94. 914,899 shares of the company were exchanged, compared to its average volume of 572,839. 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 capitalization of $5.41 billion, a PE ratio of 24.08, a P/E/G ratio of 1.93 and a beta of 0.93. The business's fifty day simple moving average is $161.95 and its 200-day simple moving average is $173.23. Vail Resorts, Inc. has a 12-month low of $144.83 and a 12-month high of $233.57.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its earnings results 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. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $5.76 EPS. Vail Resorts's revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

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 $2.22 dividend. The ex-dividend date is Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 6.13%. Vail Resorts's dividend payout ratio is currently 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.