Vail Resorts, Inc. (NYSE:MTN) Holdings Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 9.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,479 shares of the company’s stock after acquiring an additional 122 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Vail Resorts were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MTN. Pittenger & Anderson Inc. raised its stake in shares of Vail Resorts by 125.0% during the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Park Place Capital Corp raised its stake in shares of Vail Resorts by 531.6% during the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after purchasing an additional 61 shares in the last quarter. Desjardins Global Asset Management Inc. raised its position in Vail Resorts by 70.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after acquiring an additional 69 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in Vail Resorts in the fourth quarter worth about $45,000. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares in the company, valued at approximately $1,691,269.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Stock Down 0.3 %

Shares of Vail Resorts stock opened at $198.33 on Monday. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 2.19 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. Vail Resorts, Inc. has a 52-week low of $198.18 and a 52-week high of $258.13. The stock has a 50-day simple moving average of $222.50 and a 200-day simple moving average of $220.90.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.07 by ($0.31). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.16 earnings per share. On average, equities research analysts expect that Vail Resorts, Inc. will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $2.22 dividend. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts’s payout ratio is 148.25%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MTN shares. Morgan Stanley dropped their price target on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Mizuho initiated coverage on Vail Resorts in a research note on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price target on the stock. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. JPMorgan Chase & Co. lowered their target price on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $263.00 target price on shares of Vail Resorts in a research note on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $260.11.

Vail Resorts Company 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.