Northwestern Mutual Wealth Management Co. Raises Holdings in Vail Resorts, Inc. $MTN

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 945.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,963 shares of the company’s stock after acquiring an additional 18,957 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Vail Resorts were worth $2,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOKF NA lifted its stake in shares of Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Vail Resorts by 815.8% in the 2nd 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 last quarter. Danske Bank A S acquired a new position in shares of Vail Resorts in the 3rd quarter valued at $30,000. International Assets Investment Management LLC acquired a new position in shares of Vail Resorts in the 4th quarter valued at $43,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Vail Resorts in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Price Performance

MTN stock opened at $127.81 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43. The company has a market capitalization of $4.55 billion, a PE ratio of 20.85, a P/E/G ratio of 10.78 and a beta of 0.70. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $175.51. The business’s fifty day moving average price is $128.06 and its 200 day moving average price is $136.17.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.06 by ($0.19). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. Vail Resorts’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.56 EPS. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 4.79 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Thursday, March 26th. Vail Resorts’s payout ratio is currently 144.86%.

Insider Buying and Selling at Vail Resorts

In other news, CEO Robert A. Katz acquired 37,500 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the acquisition, the chief executive officer owned 285,312 shares of the company’s stock, valued at $37,606,974.72. This represents a 15.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Angela A. Korch acquired 190 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the acquisition, the chief financial officer directly owned 5,539 shares in the company, valued at approximately $730,317.15. This trade represents a 3.55% increase in their position. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Morgan Stanley decreased their price target on Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Stifel Nicolaus decreased their price target on Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. BNP Paribas Exane reaffirmed an “outperform” rating on shares of Vail Resorts in a research note on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $161.82.

Vail Resorts Profile

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.