World Investment Advisors Takes Position in Vail Resorts, Inc. $MTN

World Investment Advisors purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,478 shares of the company’s stock, valued at approximately $1,118,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after purchasing an additional 169 shares during the period. Parkside Financial Bank & Trust increased its position in Vail Resorts by 222.7% during the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after purchasing an additional 147 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Vail Resorts during the second quarter worth about $33,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 210 shares of Vail Resorts stock in a transaction on Tuesday, October 7th. The shares were bought at an average price of $155.00 per share, with a total value of $32,550.00. Following the transaction, the chief financial officer directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Stock Performance

NYSE MTN opened at $140.27 on Monday. The company has a market cap of $5.02 billion, a P/E ratio of 20.57, a P/E/G ratio of 10.86 and a beta of 0.81. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $191.42. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46. The stock has a 50-day moving average of $146.30 and a two-hundred day moving average of $152.03.

Vail Resorts (NYSE:MTN) last announced its earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, topping the consensus estimate of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm had revenue of $271.03 million for the quarter, compared to the consensus estimate of $273.35 million. During the same period in the prior year, the firm earned ($4.61) EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Tuesday, December 30th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, December 30th. Vail Resorts’s payout ratio is presently 130.21%.

Analysts Set New Price Targets

Several equities analysts have weighed in on MTN shares. Bank of America decreased their target price on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Barclays cut their target price on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research note on Tuesday, September 30th. Morgan Stanley lowered their price target on Vail Resorts from $153.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, December 23rd. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Mizuho decreased their target price on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $176.00.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.