Equitable Trust Co. Invests $1.64 Million in Vail Resorts, Inc. (NYSE:MTN)

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

A number of other institutional investors also recently made changes to their positions in MTN. V Square Quantitative Management LLC acquired a new position in Vail Resorts in the third quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in Vail Resorts in the third quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in Vail Resorts in the fourth quarter valued at $33,000. Blue Trust Inc. increased its stake in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 148 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Vail Resorts by 123.5% in the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after purchasing an additional 121 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on MTN shares. Truist Financial dropped their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Mizuho boosted their price target on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their target price on Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $197.00 target price on shares of Vail Resorts in a research report on Monday, December 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus price target of $204.50.

Vail Resorts Trading Down 1.1 %

NYSE:MTN opened at $165.85 on Tuesday. 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, Inc. has a one year low of $165.00 and a one year high of $236.92. The business’s 50-day simple moving average is $180.88 and its 200 day simple moving average is $178.31. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 2.07 and a beta of 1.11.

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

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend was Thursday, December 26th. Vail Resorts’s payout ratio is currently 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.