Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. lifted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,588 shares of the company’s stock after buying an additional 203 shares during the quarter. Raymond James Trust N.A.’s holdings in Vail Resorts were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Vail Resorts during the 3rd quarter worth about $25,000. Capital Performance Advisors LLP purchased a new position in Vail Resorts in the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its holdings in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after buying an additional 153 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Down 0.3 %

MTN stock opened at $182.11 on Thursday. Vail Resorts, Inc. has a one year low of $165.00 and a one year high of $236.92. The firm has a market cap of $6.83 billion, a PE ratio of 30.20, a PEG ratio of 1.79 and a beta of 1.13. The firm’s 50 day moving average price is $175.63 and its 200-day moving average price is $179.64. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter in the prior year, the firm earned ($3.35) EPS. Vail Resorts’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 4.88%. Vail Resorts’s payout ratio is currently 147.26%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MTN. Stifel Nicolaus lowered their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Morgan Stanley increased their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. UBS Group began coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target on the stock. Finally, Macquarie reiterated a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $205.90.

Insiders Place Their Bets

In related news, Director John F. Sorte sold 1,670 shares of Vail Resorts stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 owns 45,111 shares in the company, valued at approximately $7,807,360.77. This trade represents 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 firm’s stock in a transaction 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 completion of the purchase, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

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.