Oppenheimer & Co. Inc. Buys 986 Shares of Vail Resorts, Inc. (NYSE:MTN)

Oppenheimer & Co. Inc. boosted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,329 shares of the company’s stock after acquiring an additional 986 shares during the period. Oppenheimer & Co. Inc. owned 0.06% of Vail Resorts worth $3,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTN. Whipplewood Advisors LLC purchased a new stake in shares of Vail Resorts in the fourth quarter worth $187,000. Argonautica Private Wealth Management Inc. increased its stake in Vail Resorts by 6.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock worth $277,000 after buying an additional 96 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Vail Resorts by 13.2% during the fourth quarter. Bank of New York Mellon Corp now owns 416,586 shares of the company’s stock valued at $78,089,000 after acquiring an additional 48,721 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Vail Resorts in the fourth quarter valued at about $442,000. Finally, South Dakota Investment Council boosted its stake in shares of Vail Resorts by 28.9% in the fourth quarter. South Dakota Investment Council now owns 11,155 shares of the company’s stock worth $2,091,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

MTN has been the subject of several research analyst reports. Stifel Nicolaus increased their target price on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $197.00 price objective on shares of Vail Resorts in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Macquarie raised their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Finally, UBS Group began coverage on shares of Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and a consensus target price of $204.50.

Vail Resorts Price Performance

Vail Resorts stock opened at $159.14 on Friday. Vail Resorts, Inc. has a 52-week low of $154.27 and a 52-week high of $235.81. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm’s fifty day moving average is $172.98 and its 200 day moving average is $176.89. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 1.93 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. During the same period in the prior year, the company earned ($4.60) EPS. The business’s revenue was up .7% compared to the same quarter last year. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend was Thursday, December 26th. Vail Resorts’s payout ratio is 147.51%.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.