Kingswood Wealth Advisors LLC Has $1.07 Million Stake in Vail Resorts, Inc. $MTN

Kingswood Wealth Advisors LLC raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,787 shares of the company’s stock after purchasing an additional 369 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Vail Resorts were worth $1,066,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MTN. SouthState Corp bought a new position in shares of Vail Resorts during the 1st quarter worth about $29,000. Farther Finance Advisors LLC increased its holdings in shares of Vail Resorts by 676.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after purchasing an additional 169 shares during the period. Signaturefd LLC increased its holdings in shares of Vail Resorts by 217.6% during the 2nd quarter. Signaturefd LLC now owns 216 shares of the company’s stock worth $34,000 after purchasing an additional 148 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after purchasing an additional 123 shares during the period. Finally, Alpine Bank Wealth Management bought a new position in shares of Vail Resorts during the 1st quarter worth about $40,000. Institutional investors own 94.90% of the company’s stock.

Insider Activity

In related news, CFO Angela A. Korch bought 210 shares of Vail Resorts stock in a transaction dated Tuesday, October 7th. The shares were bought at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Vail Resorts from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings cut shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Truist Financial lowered their target price on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, September 17th. Finally, UBS Group lowered their target price on shares of Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 11th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $174.90.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $154.65 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 2.49 and a beta of 0.86. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The firm’s 50-day moving average price is $152.79 and its two-hundred day moving average price is $152.37.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The firm had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.Vail Resorts’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($4.67) earnings per share. On average, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 9th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Thursday, October 9th. Vail Resorts’s dividend payout ratio is currently 119.84%.

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.