Charles Schwab Investment Management Inc. Increases Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,202,176 shares of the company’s stock after buying an additional 47,417 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.21% of Vail Resorts worth $225,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. Alberta Investment Management Corp acquired a new position in shares of Vail Resorts during the fourth quarter valued at about $3,134,000. Western Pacific Wealth Management LP purchased a new stake in Vail Resorts during the 4th quarter worth approximately $291,000. Stifel Financial Corp increased its stake in Vail Resorts by 47.6% during the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock valued at $3,683,000 after purchasing an additional 6,816 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Vail Resorts by 146.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company’s stock worth $24,946,000 after buying an additional 79,183 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Vail Resorts by 17.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock worth $5,187,000 after buying an additional 4,080 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on MTN. Barclays upped their target price on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Truist Financial cut their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Macquarie raised their price objective on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Mizuho upped their target price on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $204.50.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $156.86 on Friday. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.93 and a beta of 1.12. The firm’s 50 day simple moving average is $170.96 and its 200-day simple moving average is $176.47. Vail Resorts, Inc. has a 12 month low of $153.51 and a 12 month high of $233.57.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate of ($4.99) by $0.38. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned ($4.60) earnings per share. Analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a yield of 5.66%. Vail Resorts’s dividend payout ratio is currently 147.51%.

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.