Raymond James & Associates Has $19.11 Million Stake in Vail Resorts, Inc. (NYSE:MTN)

Raymond James & Associates boosted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 25.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 109,642 shares of the company’s stock after buying an additional 22,103 shares during the quarter. Raymond James & Associates’ holdings in Vail Resorts were worth $19,109,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MTN. Park Avenue Securities LLC boosted its holdings in Vail Resorts by 2.1% in the first quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $668,000 after acquiring an additional 62 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Vail Resorts during the first quarter worth $118,000. State of Michigan Retirement System lifted its holdings in Vail Resorts by 2.2% in the first quarter. State of Michigan Retirement System now owns 9,300 shares of the company’s stock valued at $2,072,000 after buying an additional 200 shares during the period. Azzad Asset Management Inc. ADV boosted its position in Vail Resorts by 15.7% during the first quarter. Azzad Asset Management Inc. ADV now owns 9,218 shares of the company’s stock valued at $2,054,000 after acquiring an additional 1,253 shares during the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new stake in Vail Resorts during the 1st quarter worth about $202,000. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MTN shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Barclays lowered their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Morgan Stanley lifted their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Macquarie reissued a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $208.22.

Vail Resorts Trading Up 0.2 %

NYSE:MTN opened at $168.21 on Friday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. Vail Resorts, Inc. has a one year low of $165.14 and a one year high of $236.92. The company has a market cap of $6.31 billion, a PE ratio of 27.90, a PEG ratio of 1.63 and a beta of 1.13. The firm has a 50-day moving average of $177.56 and a 200-day moving average of $184.75.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The company had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($3.35) earnings per share. As a group, equities research analysts expect that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is 147.26%.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch purchased 165 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average cost of $173.09 per share, with a total value of $28,559.85. Following the completion of the transaction, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Angela A. Korch bought 165 shares of the stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.