492 Shares in Vail Resorts, Inc. (NYSE:MTN) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 492 shares of the company’s stock, valued at approximately $92,000.

Several other institutional investors have also modified their holdings of MTN. Heck Capital Advisors LLC acquired a new position in Vail Resorts during the fourth quarter worth $33,000. Blue Trust Inc. raised its stake in shares of Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after buying an additional 148 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Vail Resorts in the 4th quarter worth about $40,000. UMB Bank n.a. grew its stake in Vail Resorts by 37.9% in the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after acquiring an additional 83 shares during the last quarter. Finally, Quarry LP increased its holdings in Vail Resorts by 418.6% during the 3rd quarter. Quarry LP now owns 363 shares of the company’s stock valued at $63,000 after acquiring an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday, March 11th. Truist Financial reduced 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. Barclays reissued an “underweight” rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus lifted their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vail Resorts currently has an average rating of “Hold” and a consensus price target of $193.56.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the purchase, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at $472,960. The trade was a 6.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Vail Resorts Stock Performance

Vail Resorts stock opened at $160.43 on Monday. The stock has a fifty day moving average price of $165.52 and a 200 day moving average price of $174.79. Vail Resorts, Inc. has a 52 week low of $151.99 and a 52 week high of $233.57. The firm has a market capitalization of $5.99 billion, a P/E ratio of 26.65, a PEG ratio of 1.93 and a beta of 1.12. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $5.76 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a dividend of $2.22 per share. The ex-dividend date is Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 5.54%. Vail Resorts’s dividend payout ratio is presently 130.21%.

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.