8,747 Shares in Vail Resorts, Inc. (NYSE:MTN) Acquired by Equitable Trust Co.

Equitable Trust Co. purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,747 shares of the company’s stock, valued at approximately $1,640,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its stake in shares of Vail Resorts by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock valued at $3,683,000 after purchasing an additional 6,816 shares during the last quarter. Western Pacific Wealth Management LP purchased a new position in shares of Vail Resorts in the 4th quarter valued at approximately $291,000. Nisa Investment Advisors LLC grew its stake in shares of Vail Resorts by 409.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,538 shares of the company’s stock valued at $861,000 after purchasing an additional 3,648 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Vail Resorts by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock valued at $113,252,000 after purchasing an additional 8,422 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vail Resorts by 17.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock valued at $5,187,000 after purchasing an additional 4,080 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MTN. 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. Macquarie lifted their target price on Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Truist Financial lowered their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Mizuho lifted their price target on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, UBS Group began coverage on Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and a consensus target price of $204.50.

Vail Resorts Stock Performance

Shares of MTN stock opened at $165.85 on Tuesday. The stock has a fifty day moving average price of $180.88 and a 200 day moving average price of $178.31. The stock has a market cap of $6.21 billion, a PE ratio of 27.55, a P/E/G ratio of 2.07 and a beta of 1.11. Vail Resorts, Inc. has a 1 year low of $165.00 and a 1 year high of $236.92. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted ($4.60) earnings per share. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a $2.22 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.35%. Vail Resorts’s dividend payout ratio (DPR) is 147.51%.

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.