Empowered Funds LLC Purchases New Stake in Vail Resorts, Inc. $MTN

Empowered Funds LLC acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,401 shares of the company’s stock, valued at approximately $6,045,000.

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

Analyst Upgrades and Downgrades

MTN has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Truist Financial decreased their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group began coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They issued a “sell” rating and a $132.00 price target on the stock. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $149.83.

Vail Resorts Stock Up 0.3%

NYSE:MTN opened at $142.35 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The stock has a 50 day moving average of $146.51 and a 200-day moving average of $137.14. The firm has a market capitalization of $5.07 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 9.36 and a beta of 0.70. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $165.50.

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

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a $2.22 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 annualized dividend and a yield of 6.2%. Vail Resorts’s dividend payout ratio (DPR) is currently 201.82%.

Vail Resorts Company 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.