First Citizens Bank & Trust Co. Invests $629,000 in Vail Resorts, Inc. $MTN

First Citizens Bank & Trust Co. acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the first quarter, HoldingsChannel reports. The institutional investor acquired 4,903 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in Vail Resorts by 15,313.2% during the 4th quarter. HighTower Advisors LLC now owns 450,066 shares of the company’s stock worth $59,769,000 after acquiring an additional 447,146 shares during the period. Norges Bank bought a new stake in shares of Vail Resorts during the 4th quarter valued at $41,106,000. M&T Bank Corp purchased a new position in shares of Vail Resorts during the 4th quarter valued at $28,521,000. Capital World Investors boosted its holdings in Vail Resorts by 6.1% in the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock worth $424,488,000 after buying an additional 182,982 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Vail Resorts by 41.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,307 shares of the company’s stock worth $82,908,000 after buying an additional 161,562 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

NYSE:MTN opened at $145.92 on Friday. 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 50 day simple moving average is $138.19 and its two-hundred day simple moving average is $135.01. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 13.52 and a beta of 0.71.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $10.54 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 4.31 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a dividend of $2.22 per share. The ex-dividend date was 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%.

Wall Street Analyst Weigh In

MTN has been the topic of a number of recent analyst reports. Mizuho set a $174.00 price target on Vail Resorts in a report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Zacks Research downgraded Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. boosted their price target on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Finally, Truist Financial dropped their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $151.45.

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.