Sculati Wealth Management LLC Invests $658,000 in Vail Resorts, Inc. $MTN

Sculati Wealth Management LLC purchased a new position in Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,953 shares of the company’s stock, valued at approximately $658,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vail Resorts by 945.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,963 shares of the company’s stock valued at $2,784,000 after acquiring an additional 18,957 shares during the period. Provident Investment Management Inc. lifted its position in shares of Vail Resorts by 16.9% during the 4th quarter. Provident Investment Management Inc. now owns 6,806 shares of the company’s stock valued at $904,000 after acquiring an additional 985 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Vail Resorts during the 4th quarter valued at $43,000. Fulcrum Wealth Advisors LLC acquired a new position in shares of Vail Resorts during the 4th quarter valued at $249,000. Finally, VELA Investment Management LLC lifted its position in shares of Vail Resorts by 55.3% during the 4th quarter. VELA Investment Management LLC now owns 4,417 shares of the company’s stock valued at $587,000 after acquiring an additional 1,573 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 190 shares of the stock in a transaction on Monday, March 16th. The shares were purchased at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the acquisition, the chief financial officer owned 5,539 shares in the company, valued at approximately $730,317.15. This represents a 3.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Katz acquired 37,500 shares of the stock in a transaction on Monday, March 16th. The shares were acquired 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 approximately $37,606,974.72. The trade was a 15.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Stock Performance

MTN opened at $121.48 on Friday. 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’s fifty day moving average price is $129.39 and its two-hundred day moving average price is $137.22. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $175.51. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 10.26 and a beta of 0.70.

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

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th were issued a dividend of $2.22 per share. The ex-dividend date was Thursday, March 26th. This represents a $8.88 annualized dividend and a yield of 7.3%. Vail Resorts’s dividend payout ratio is presently 144.86%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Barclays dropped their target price on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 10th. UBS Group dropped their target price on shares of Vail Resorts from $169.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Truist Financial dropped their target price on shares of Vail Resorts from $217.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vail Resorts from $172.00 to $156.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.