Desjardins Global Asset Management Inc. Buys 69 Shares of Vail Resorts, Inc. (NYSE:MTN)

Desjardins Global Asset Management Inc. increased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 70.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 167 shares of the company’s stock after acquiring an additional 69 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Vail Resorts were worth $36,000 at the end of the most recent quarter.

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

Insider Activity at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction dated 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 owns 7,592 shares in the company, valued at $1,691,269.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Vail Resorts Price Performance

NYSE:MTN opened at $202.94 on Friday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. The stock’s 50-day simple moving average is $224.95 and its 200 day simple moving average is $221.16. The company has a market cap of $7.71 billion, a P/E ratio of 33.88, a P/E/G ratio of 2.27 and a beta of 1.11. Vail Resorts, Inc. has a 52-week low of $202.74 and a 52-week high of $258.13.

Vail Resorts (NYSE:MTN) last released its earnings results 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 during 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%. Vail Resorts’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.16 EPS. As a group, sell-side analysts forecast that Vail Resorts, Inc. will post 7.75 EPS 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 given a $2.22 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s payout ratio is currently 148.25%.

Analyst Upgrades and Downgrades

MTN has been the topic of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $263.00 price objective on shares of Vail Resorts in a research note on Friday, March 22nd. Morgan Stanley lifted their price target on Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Truist Financial reissued a “buy” rating and issued a $290.00 price target on shares of Vail Resorts in a research note on Friday, January 19th. Finally, Mizuho began 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $266.33.

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.