Corient Private Wealth LLC Sells 12,481 Shares of Vail Resorts, Inc. $MTN

Corient Private Wealth LLC lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 414,991 shares of the company’s stock after selling 12,481 shares during the period. Corient Private Wealth LLC’s holdings in Vail Resorts were worth $55,112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in shares of Vail Resorts by 2.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock valued at $19,382,000 after buying an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Vail Resorts by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock worth $23,721,000 after buying an additional 2,824 shares during the period. Prudential Financial Inc. boosted its holdings in Vail Resorts by 24.1% in the second quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock worth $525,000 after acquiring an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Vail Resorts in the second quarter valued at approximately $2,119,000. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN opened at $144.40 on Monday. The firm has a market capitalization of $5.15 billion, a P/E ratio of 32.82, a P/E/G ratio of 13.41 and a beta of 0.72. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $172.00. The stock has a 50 day moving average price of $129.47 and a two-hundred day moving average price of $135.15. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.54 EPS. Equities analysts forecast that Vail Resorts, Inc. will post 4.37 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on MTN. Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Stifel Nicolaus cut their target price on Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. JPMorgan Chase & Co. lifted their price target 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. Barclays decreased their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a research note on Tuesday, June 9th. Finally, BNP Paribas Exane restated an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $151.45.

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.