Western Pacific Wealth Management LP Purchases Shares of 1,550 Vail Resorts, Inc. (NYSE:MTN)

Western Pacific Wealth Management LP bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,550 shares of the company's stock, valued at approximately $291,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in Vail Resorts in the 2nd quarter worth approximately $2,326,000. Algert Global LLC bought a new stake in Vail Resorts in the second quarter valued at approximately $689,000. Sanctuary Advisors LLC purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $4,010,000. Handelsbanken Fonder AB raised its holdings in Vail Resorts by 24.7% in the third quarter. Handelsbanken Fonder AB now owns 9,100 shares of the company's stock worth $1,586,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in Vail Resorts by 3.0% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 10,272 shares of the company's stock valued at $1,790,000 after acquiring an additional 297 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Vail Resorts Trading Down 0.3 %

Vail Resorts stock traded down $0.47 during trading hours on Wednesday, hitting $167.00. The company had a trading volume of 159,986 shares, compared to its average volume of 659,323. Vail Resorts, Inc. has a 1 year low of $165.00 and a 1 year high of $236.92. The firm has a market cap of $6.25 billion, a P/E ratio of 27.80, a P/E/G ratio of 2.07 and a beta of 1.11. The company has a 50-day moving average price of $181.89 and a two-hundred day moving average price of $178.67. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.99) by $0.38. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts's revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted ($4.60) earnings per share. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were paid a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 annualized dividend and a yield of 5.32%. Vail Resorts's dividend payout ratio (DPR) is 147.51%.

Analyst Ratings Changes

Several brokerages have issued reports on MTN. StockNews.com raised shares of Vail Resorts from a "sell" rating to a "hold" rating in a report on Friday, December 13th. Barclays increased their price objective on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an "underweight" rating in a research note on Tuesday, December 10th. Mizuho increased their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Morgan Stanley restated an "equal weight" rating and set a $197.00 target price on shares of Vail Resorts in a research report on Monday, December 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Vail Resorts from $185.00 to $196.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Vail Resorts currently has an average rating of "Hold" and an average target price of $204.50.

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.