Wilmington Savings Fund Society FSB Makes New Investment in Vail Resorts, Inc. (NYSE:MTN)

Wilmington Savings Fund Society FSB acquired a new position in Vail Resorts, Inc. (NYSE:MTN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 500 shares of the company’s stock, valued at approximately $87,000.

A number of other large investors have also recently made changes to their positions in MTN. Wealth Enhancement Advisory Services LLC bought a new stake in Vail Resorts during the 2nd quarter worth approximately $257,000. Raymond James & Associates increased its stake in shares of Vail Resorts by 29.3% in the second quarter. Raymond James & Associates now owns 87,539 shares of the company’s stock worth $15,768,000 after purchasing an additional 19,857 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Vail Resorts by 28.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,645 shares of the company’s stock valued at $665,000 after purchasing an additional 798 shares during the period. Fifth Third Bancorp raised its position in shares of Vail Resorts by 20.9% during the 2nd quarter. Fifth Third Bancorp now owns 486 shares of the company’s stock valued at $88,000 after purchasing an additional 84 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of Vail Resorts during the 2nd quarter valued at $215,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Stifel Nicolaus lifted their target price on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Mizuho boosted their price target on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Morgan Stanley increased their price objective on shares of Vail Resorts from $182.00 to $197.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Finally, Barclays boosted their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $205.50.

Vail Resorts Price Performance

Vail Resorts stock opened at $184.32 on Friday. Vail Resorts, Inc. has a 52-week low of $165.00 and a 52-week high of $236.92. The company has a quick ratio of 0.71, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm’s fifty day moving average is $178.54 and its 200 day moving average is $178.82. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 2.22 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned ($4.60) EPS. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.49 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is 147.51%.

Insider Activity

In related news, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. The trade was a 3.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Angela A. Korch purchased 165 shares of the business’s stock in a transaction that occurred 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 acquisition, the chief financial officer now directly owns 2,187 shares in the company, valued at $378,547.83. The trade was a 8.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Company Profile

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.