Whipplewood Advisors LLC Buys 1,457 Shares of Vail Resorts, Inc. $MTN

Whipplewood Advisors LLC grew its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 1,018.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,600 shares of the company’s stock after acquiring an additional 1,457 shares during the period. Whipplewood Advisors LLC’s holdings in Vail Resorts were worth $251,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTN. GAMMA Investing LLC lifted its position in Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after acquiring an additional 116 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Vail Resorts by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company’s stock worth $701,000 after acquiring an additional 110 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Vail Resorts by 102.5% during the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Vail Resorts by 81.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 704 shares of the company’s stock worth $113,000 after acquiring an additional 317 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Vail Resorts by 12.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,529 shares of the company’s stock worth $4,929,000 after acquiring an additional 3,297 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MTN shares. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a research report on Friday. Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Truist Financial cut their price objective on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective (down previously from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Finally, Barclays cut their price objective on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $174.90.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $152.88 on Monday. The firm has a 50 day moving average of $152.97 and a 200-day moving average of $152.24. The stock has a market capitalization of $5.49 billion, a PE ratio of 20.63, a PEG ratio of 2.58 and a beta of 0.86. 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, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45.

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

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be given a $2.22 dividend. The ex-dividend date is Thursday, October 9th. This represents a $8.88 annualized dividend and a dividend yield of 5.8%. Vail Resorts’s payout ratio is presently 119.84%.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch bought 210 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was bought at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. This represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

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.