Daiwa Securities Group Inc. Lowers Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Posted by on Jul 29th, 2023

Daiwa Securities Group Inc. cut its holdings in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,078 shares of the company’s stock after selling 230 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vail Resorts were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Select Equity Group L.P. lifted its holdings in shares of Vail Resorts by 80.5% in the 4th quarter. Select Equity Group L.P. now owns 2,612,048 shares of the company’s stock worth $622,582,000 after purchasing an additional 1,165,211 shares during the last quarter. Macquarie Group Ltd. raised its stake in Vail Resorts by 8.4% during the 4th quarter. Macquarie Group Ltd. now owns 724,725 shares of the company’s stock valued at $172,738,000 after acquiring an additional 56,361 shares in the last quarter. Geode Capital Management LLC raised its stake in Vail Resorts by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 544,149 shares of the company’s stock valued at $129,544,000 after acquiring an additional 30,114 shares in the last quarter. Fred Alger Management LLC raised its stake in Vail Resorts by 8.2% during the 4th quarter. Fred Alger Management LLC now owns 429,153 shares of the company’s stock valued at $102,289,000 after acquiring an additional 32,623 shares in the last quarter. Finally, Norges Bank bought a new stake in Vail Resorts during the 4th quarter valued at $98,690,000. 95.95% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Price Performance

NYSE MTN opened at $234.29 on Friday. Vail Resorts, Inc. has a twelve month low of $201.91 and a twelve month high of $269.50. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.40 and a current ratio of 1.50. The stock has a market capitalization of $9.03 billion, a PE ratio of 32.36, a P/E/G ratio of 6.29 and a beta of 1.21. The stock has a 50-day simple moving average of $245.20 and a 200 day simple moving average of $242.38.

Vail Resorts (NYSE:MTN – Get Free Report) last issued its quarterly earnings results on Thursday, June 8th. The company reported $8.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.88 by ($0.70). Vail Resorts had a net margin of 9.98% and a return on equity of 17.00%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $9.16 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Research analysts anticipate that Vail Resorts, Inc. will post 6.74 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Tuesday, June 27th were paid a dividend of $2.06 per share. The ex-dividend date was Monday, June 26th. This represents a $8.24 annualized dividend and a yield of 3.52%. Vail Resorts’s dividend payout ratio is 113.81%.

Wall Street Analyst Weigh In

MTN has been the topic of a number of research reports. Credit Suisse Group dropped their price objective on Vail Resorts from $333.00 to $321.00 in a research note on Friday, June 9th. Bank of America boosted their target price on Vail Resorts from $250.00 to $285.00 in a research note on Friday, June 9th. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $256.00 to $254.00 in a research report on Friday, June 9th. StockNews.com assumed coverage on Vail Resorts in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, 3M reaffirmed a “maintains” rating on shares of Vail Resorts in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average target price of $257.50.

Vail Resorts Profile

(Free Report)

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.

Further Reading

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

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