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

Sculati Wealth Management LLC bought a new position in Vail Resorts, Inc. (NYSE:MTN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,953 shares of the company’s stock, valued at approximately $658,000.

Other institutional investors have also recently made changes to their positions in the company. BOKF NA grew 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 worth $25,000 after acquiring an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 worth $27,000 after acquiring an additional 155 shares in the last quarter. NBT Bank N A NY grew its position in Vail Resorts by 450.0% during the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after buying an additional 144 shares during the period. Danske Bank A S bought a new position in Vail Resorts during the third quarter valued at about $30,000. Finally, Employees Retirement System of Texas bought a new position in Vail Resorts during the third quarter valued at about $46,000. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $121.48 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. The firm has a market capitalization of $4.33 billion, a PE ratio of 19.82, a P/E/G ratio of 10.26 and a beta of 0.70. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $175.51. The company has a 50-day moving average price of $129.39 and a two-hundred day moving average price of $137.22.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.Vail Resorts’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.56 EPS. Equities analysts forecast that Vail Resorts, Inc. will post 4.79 EPS for the current year.

Vail Resorts Dividend Announcement

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

Analyst Upgrades and Downgrades

MTN has been the subject of several research reports. Stifel Nicolaus reduced their price target on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Morgan Stanley reduced their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Mizuho reduced their price target on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company initiated coverage on shares of Vail Resorts in a research report on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $161.82.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 190 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 5,539 shares of the company’s stock, valued at $730,317.15. This trade represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Katz bought 37,500 shares of the business’s stock in a transaction on Monday, March 16th. The shares were acquired at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the transaction, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at approximately $37,606,974.72. This trade represents a 15.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is owned by company insiders.

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.