Daiwa Securities Group Inc. Purchases 440 Shares of Vail Resorts, Inc. (NYSE:MTN)

Daiwa Securities Group Inc. grew its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 14.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,435 shares of the company’s stock after acquiring an additional 440 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vail Resorts were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MTN. Signaturefd LLC increased its position in shares of Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Vail Resorts during the third quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of Vail Resorts during the third quarter worth approximately $25,000. Brown Brothers Harriman & Co. boosted its stake in shares of Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 165 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This trade represents a 8.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. The trade was a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MTN. Stifel Nicolaus cut their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Barclays lowered their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Finally, Macquarie reiterated a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average target price of $205.90.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $179.24 on Friday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. Vail Resorts, Inc. has a 1 year low of $165.00 and a 1 year high of $236.92. The company’s 50-day moving average is $175.40 and its 200 day moving average is $179.51. The stock has a market capitalization of $6.72 billion, a P/E ratio of 29.72, a P/E/G ratio of 1.74 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same period in the prior year, the company posted ($3.35) EPS. The firm’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.27 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

About Vail Resorts

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.