Frank Rimerman Advisors LLC Buys Shares of 3,354 Vail Resorts, Inc. (NYSE:MTN)

Frank Rimerman Advisors LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,354 shares of the company’s stock, valued at approximately $629,000.

A number of other hedge funds have also made changes to their positions in the company. Miracle Mile Advisors LLC raised its holdings 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 acquiring an additional 65 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Vail Resorts by 20.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 67 shares during the last quarter. Accretive Wealth Partners LLC increased its holdings in shares of Vail Resorts by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock valued at $992,000 after purchasing an additional 80 shares during the last quarter. UMB Bank n.a. increased its holdings 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 last quarter. Finally, Argonautica Private Wealth Management Inc. increased its holdings in shares of 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. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Mizuho cut their price target on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Morgan Stanley cut their price target on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Truist Financial cut their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Finally, Macquarie cut their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $193.56.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of the 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 transaction, the chief financial officer now directly owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.

Vail Resorts Trading Down 0.0 %

MTN opened at $159.68 on Monday. Vail Resorts, Inc. has a 52 week low of $151.99 and a 52 week high of $233.57. The business has a fifty day simple moving average of $167.25 and a 200-day simple moving average of $175.55. The firm has a market cap of $5.96 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.93 and a beta of 1.12. 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 (NYSE:MTN) last released its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business posted $5.76 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given 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 5.56%. Vail Resorts’s dividend payout ratio is currently 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.