DekaBank Deutsche Girozentrale Has $3.67 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

DekaBank Deutsche Girozentrale raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 86.7% during the 4th quarter, HoldingsChannel reports. The firm owned 17,010 shares of the company’s stock after purchasing an additional 7,901 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Vail Resorts were worth $3,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bamco Inc. NY boosted its position in shares of Vail Resorts by 1.1% in the third quarter. Bamco Inc. NY now owns 4,721,214 shares of the company’s stock valued at $1,047,590,000 after acquiring an additional 51,630 shares during the period. Select Equity Group L.P. boosted its position in shares of Vail Resorts by 21.2% in the first quarter. Select Equity Group L.P. now owns 3,165,296 shares of the company’s stock valued at $739,666,000 after acquiring an additional 553,248 shares during the period. Principal Financial Group Inc. boosted its position in shares of Vail Resorts by 7.9% in the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after acquiring an additional 131,170 shares during the period. Macquarie Group Ltd. boosted its position in shares of Vail Resorts by 9.6% in the first quarter. Macquarie Group Ltd. now owns 794,179 shares of the company’s stock valued at $185,584,000 after acquiring an additional 69,454 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Vail Resorts by 3.8% in the first quarter. Geode Capital Management LLC now owns 564,557 shares of the company’s stock valued at $131,727,000 after acquiring an additional 20,408 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MTN shares. Morgan Stanley increased their price objective on Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Truist Financial reissued a “buy” rating and issued a $290.00 price objective on shares of Vail Resorts in a research report on Friday, January 19th. Mizuho started coverage on Vail Resorts in a research report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 target price for the company. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $263.00 target price on shares of Vail Resorts in a research report on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and an average price target of $266.33.

Vail Resorts Stock Down 1.0 %

Shares of NYSE MTN opened at $227.31 on Friday. The stock has a market cap of $8.63 billion, a PE ratio of 37.95, a PEG ratio of 2.43 and a beta of 1.11. The business has a fifty day moving average of $225.39 and a two-hundred day moving average of $221.60. Vail Resorts, Inc. has a 52-week low of $204.88 and a 52-week high of $258.13. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $5.16 earnings per share. As a group, equities research analysts expect that Vail Resorts, Inc. will post 7.75 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 dividend on an annualized basis and a dividend yield of 3.91%. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

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.