Vail Resorts, Inc. (NYSE:MTN) Position Boosted by Stokes Family Office LLC

Stokes Family Office LLC increased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 43.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,056 shares of the company’s stock after purchasing an additional 4,276 shares during the quarter. Stokes Family Office LLC’s holdings in Vail Resorts were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Vail Resorts in the 4th quarter worth approximately $33,000. Blue Trust Inc. grew its holdings in Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after buying an additional 148 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Vail Resorts in the 4th quarter worth approximately $40,000. UMB Bank n.a. lifted its position in Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after purchasing an additional 83 shares during the period. Finally, Quarry LP lifted its position in Vail Resorts by 418.6% in the third quarter. Quarry LP now owns 363 shares of the company’s stock worth $63,000 after purchasing an additional 293 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now owns 2,956 shares of the company’s stock, valued at $472,960. The trade was a 6.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $160.53 on Wednesday. The company’s fifty day moving average is $166.60 and its two-hundred day moving average is $175.27. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 12-month low of $151.99 and a 12-month high of $233.57. The company has a market cap of $5.99 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $5.76 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is currently 130.21%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MTN. Stifel Nicolaus upped their target price on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays restated an “underweight” rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft upped their target price on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 11th. Finally, Mizuho cut their target price on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $193.56.

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.