First Citizens Bank & Trust Co. Makes New Investment in Vail Resorts, Inc. $MTN

First Citizens Bank & Trust Co. bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,903 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BOKF NA raised its stake in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Danske Bank A S purchased a new position in shares of Vail Resorts during the 3rd quarter worth approximately $30,000. Golden State Wealth Management LLC grew its holdings in shares of Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Performance

MTN stock opened at $145.92 on Friday. The company has a market cap of $5.20 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 13.52 and a beta of 0.71. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $165.50. The stock’s fifty day moving average price is $138.19 and its 200-day moving average price is $135.01.

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 firm 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 was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $10.54 EPS. On average, equities analysts forecast that Vail Resorts, Inc. will post 4.31 earnings per share for the current year.

Vail Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MTN shares. JPMorgan Chase & Co. raised their target price on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Stifel Nicolaus lowered their price objective on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Zacks Research cut shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.