Hsbc Holdings PLC Has $20.02 Million Stock Position in Vail Resorts, Inc. $MTN

Key Points

• Hsbc Holdings PLC significantly increased its stake in Vail Resorts, owning approximately $20.02 million worth of shares after a 9,378% rise in holdings during the first quarter.
• Vail Resorts recently declared a quarterly dividend of $2.22 per share, reflecting a high annual yield of 5.5% despite a payout ratio of over 113%.
• The company's latest earnings report showed an EPS of $10.54, exceeding expectations, with revenues of $1.30 billion, slightly below estimates.

Hsbc Holdings PLC raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 9,378.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,962 shares of the company's stock after purchasing an additional 124,633 shares during the quarter. Hsbc Holdings PLC owned 0.34% of Vail Resorts worth $20,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its holdings in Vail Resorts by 25.5% during the first quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock valued at $412,000 after purchasing an additional 523 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Vail Resorts by 27,955.2% in the first quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock valued at $6,914,000 after acquiring an additional 43,051 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Vail Resorts in the first quarter valued at approximately $20,315,000. Principal Financial Group Inc. raised its stake in shares of Vail Resorts by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock valued at $264,686,000 after acquiring an additional 5,788 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Vail Resorts in the first quarter valued at approximately $876,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch purchased 200 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the acquisition, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

MTN has been the subject of a number of research analyst reports. Mizuho lifted their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. UBS Group cut their target price on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Bank of America lifted their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective for the company in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $187.20.

Vail Resorts Trading Down 0.4%

Shares of Vail Resorts stock traded down $0.65 on Friday, hitting $163.37. 44,959 shares of the company's stock traded hands, compared to its average volume of 660,424. The firm's 50-day moving average price is $157.79 and its two-hundred day moving average price is $154.03. The stock has a market capitalization of $6.07 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 2.01 and a beta of 0.90. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating the consensus estimate of $10.00 by $0.54. The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.54 EPS. On average, research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were given a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 5.4%. Vail Resorts's payout ratio is presently 113.55%.

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.