Daiwa Securities Group Inc. Acquires 925 Shares of Vail Resorts, Inc. (NYSE:MTN)

Daiwa Securities Group Inc. grew its holdings in Vail Resorts, Inc. (NYSE:MTN) by 26.9% during the 4th quarter, HoldingsChannel reports. The firm owned 4,360 shares of the company’s stock after purchasing an additional 925 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vail Resorts were worth $817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts in the 4th quarter valued at $33,000. Blue Trust Inc. grew its position in Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after acquiring an additional 148 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Vail Resorts during the 4th quarter worth $40,000. UMB Bank n.a. grew its position in Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after acquiring an additional 83 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Vail Resorts by 165.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 321 shares of the company’s stock worth $56,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MTN shares. Barclays restated an “underweight” rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Macquarie reduced their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday. Truist Financial reduced their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upped their price target on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Morgan Stanley reduced their price target on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and an average target price of $193.56.

Vail Resorts Stock Down 0.0 %

Shares of Vail Resorts stock opened at $159.68 on Friday. Vail Resorts, Inc. has a one year low of $151.99 and a one year high of $233.57. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The stock’s 50-day moving average is $167.25 and its 200 day moving average is $175.58. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $5.76 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 5.56%. Vail Resorts’s payout ratio is 130.21%.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. The trade was a 6.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

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.