CIBC Private Wealth Group LLC Increases Holdings in Vail Resorts, Inc. (NYSE:MTN)

CIBC Private Wealth Group LLC boosted its position in Vail Resorts, Inc. (NYSE:MTN) by 84.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 51,746 shares of the company’s stock after buying an additional 23,712 shares during the period. CIBC Private Wealth Group LLC’s holdings in Vail Resorts were worth $9,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC lifted its stake in shares of Vail Resorts by 3.2% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company’s stock valued at $398,000 after buying an additional 65 shares during the period. Raleigh Capital Management Inc. lifted its stake in shares of Vail Resorts by 20.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock worth $74,000 after purchasing an additional 67 shares during the period. Accretive Wealth Partners LLC boosted its holdings in shares of Vail Resorts by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock worth $992,000 after purchasing an additional 80 shares during the last quarter. UMB Bank n.a. grew its position in shares of Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after purchasing an additional 83 shares during the period. Finally, Argonautica Private Wealth Management Inc. increased its stake in Vail Resorts by 6.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock valued at $277,000 after purchasing an additional 96 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch bought 185 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired 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 owns 2,956 shares of the company’s stock, valued at $472,960. This trade represents a 6.68 % increase in their ownership of the stock. 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MTN shares. Barclays reissued an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Truist Financial lowered their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Morgan Stanley cut their price target on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Macquarie cut their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and an average target price of $193.56.

Vail Resorts Stock Performance

NYSE:MTN opened at $157.86 on Wednesday. The firm’s fifty day simple moving average is $162.80 and its 200 day simple moving average is $173.82. 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, Inc. has a twelve month low of $151.99 and a twelve month high of $233.57. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $5.76 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts expect 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 will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio is presently 130.21%.

Vail Resorts 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.