Corient Private Wealth LP Invests $55.44 Million in Vail Resorts, Inc. $MTN

Corient Private Wealth LP acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 407,222 shares of the company’s stock, valued at approximately $55,443,000. Corient Private Wealth LP owned 1.14% of Vail Resorts at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MTN. BOKF NA grew its stake in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Danske Bank A S purchased a new position in shares of Vail Resorts during the third quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Trading Down 2.7%

NYSE MTN opened at $144.68 on Friday. The stock has a market capitalization of $5.15 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 9.81 and a beta of 0.70. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The firm has a 50 day moving average of $146.55 and a two-hundred day moving average of $137.14. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $165.50.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $10.54 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, research analysts expect that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid a $2.22 dividend. The ex-dividend date was Thursday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 6.1%. Vail Resorts’s dividend payout ratio (DPR) is 201.82%.

Analyst Ratings Changes

MTN has been the subject of several analyst reports. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Barclays dropped their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Truist Financial cut their price objective on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average target price of $149.83.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.