Ensign Peak Advisors Inc Has $2.20 Million Stock Holdings in Vail Resorts, Inc. $MTN

Ensign Peak Advisors Inc decreased its position in Vail Resorts, Inc. (NYSE:MTN) by 2.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,975 shares of the company’s stock after selling 400 shares during the period. Ensign Peak Advisors Inc’s holdings in Vail Resorts were worth $2,196,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Frank Rimerman Advisors LLC acquired a new position in Vail Resorts during the second quarter worth $551,000. Waratah Capital Advisors Ltd. lifted its position in Vail Resorts by 60.1% during the 2nd quarter. Waratah Capital Advisors Ltd. now owns 173,666 shares of the company’s stock worth $27,288,000 after buying an additional 65,225 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Vail Resorts during the 2nd quarter worth about $2,009,000. Kingsview Wealth Management LLC acquired a new position in shares of Vail Resorts during the 2nd quarter worth about $3,215,000. Finally, Creative Planning grew its holdings in shares of Vail Resorts by 42.2% in the 2nd quarter. Creative Planning now owns 3,588 shares of the company’s stock valued at $564,000 after acquiring an additional 1,064 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Angela A. Korch acquired 210 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was purchased 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 directly owned 4,905 shares of the company’s stock, valued at approximately $760,275. The trade was a 4.47% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

Vail Resorts Stock Down 0.7%

MTN opened at $139.26 on Thursday. The stock’s fifty day simple moving average is $148.08 and its 200 day simple moving average is $153.05. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The stock has a market cap of $5.00 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.50 and a beta of 0.90. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44.

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

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Thursday, October 9th were paid a $2.22 dividend. The ex-dividend date was Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a yield of 6.4%. Vail Resorts’s dividend payout ratio is 119.84%.

Wall Street Analysts Forecast Growth

MTN has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 target price (down previously from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Truist Financial lowered their price target on Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Mizuho dropped their price objective on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, September 17th. Finally, Morgan Stanley boosted their target price on shares of Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and a consensus target price of $175.60.

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.