Vail Resorts, Inc. (NYSE:MTN) Shares Acquired by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Posted by on May 6th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Vail Resorts, Inc. (NYSE:MTN – Get Rating) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,467 shares of the company’s stock after purchasing an additional 1,672 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Vail Resorts were worth $3,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MTN. Spire Wealth Management increased its holdings in shares of Vail Resorts by 110.1% in the fourth quarter. Spire Wealth Management now owns 229 shares of the company’s stock valued at $55,000 after purchasing an additional 120 shares during the period. Guardian Wealth Advisors LLC acquired a new position in Vail Resorts during the third quarter worth $67,000. Covestor Ltd grew its holdings in Vail Resorts by 700.0% during the first quarter. Covestor Ltd now owns 280 shares of the company’s stock worth $73,000 after acquiring an additional 245 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in Vail Resorts during the fourth quarter worth $86,000. Finally, Magellan Asset Management Ltd grew its holdings in Vail Resorts by 15.7% during the third quarter. Magellan Asset Management Ltd now owns 471 shares of the company’s stock worth $102,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Credit Suisse Group dropped their price objective on Vail Resorts from $380.00 to $333.00 in a report on Friday, March 10th. TheStreet raised Vail Resorts from a “c+” rating to a “b-” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on Vail Resorts from $262.00 to $231.00 and set a “neutral” rating on the stock in a report on Friday, March 10th. StockNews.com started coverage on Vail Resorts in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus lowered their target price on Vail Resorts from $261.00 to $238.00 in a report on Friday, March 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $261.11.

Vail Resorts Stock Up 1.3 %

Shares of NYSE:MTN opened at $238.27 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 1.57. Vail Resorts, Inc. has a 52-week low of $201.91 and a 52-week high of $269.50. The stock’s fifty day simple moving average is $233.55 and its 200-day simple moving average is $239.95. The company has a market capitalization of $18.31 billion, a P/E ratio of 28.99, a P/E/G ratio of 6.15 and a beta of 1.21.

Vail Resorts (NYSE:MTN – Get Rating) last issued its quarterly earnings data on Monday, March 13th. The company reported $5.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.19 by ($1.03). Vail Resorts had a net margin of 11.88% and a return on equity of 18.53%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $5.47 earnings per share. The firm’s revenue was up 21.5% compared to the same quarter last year. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.63 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 11th. Investors of record on Monday, March 27th were given a dividend of $2.06 per share. The ex-dividend date was Friday, March 24th. This is an increase from Vail Resorts’s previous quarterly dividend of $1.91. This represents a $8.24 annualized dividend and a yield of 3.46%. Vail Resorts’s dividend payout ratio is 100.24%.

Vail Resorts Profile

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Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.

Further Reading

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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