Mirae Asset Global Investments Co. Ltd. Acquires 3,297 Shares of Vail Resorts, Inc. (NYSE:MTN)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 12.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,529 shares of the company's stock after purchasing an additional 3,297 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Vail Resorts worth $4,929,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MTN. Norges Bank bought a new stake in Vail Resorts during the fourth quarter valued at about $80,669,000. Point72 Asset Management L.P. lifted its position in shares of Vail Resorts by 170.1% during the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after buying an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after acquiring an additional 289,484 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Vail Resorts during the 4th quarter valued at approximately $42,532,000. Finally, DnB Asset Management AS purchased a new stake in Vail Resorts in the 4th quarter worth approximately $33,286,000. 94.94% of the stock is owned by institutional investors.

Vail Resorts Price Performance

MTN stock traded down $0.46 during mid-day trading on Thursday, hitting $164.02. The company had a trading volume of 429,266 shares, compared to its average volume of 593,771. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.02 and a beta of 0.91. The company has a 50-day moving average price of $151.17 and a 200 day moving average price of $159.98. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company earned $9.54 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. On average, research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a report on Wednesday, May 28th. UBS Group decreased their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, May 29th. Mizuho increased their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Finally, Truist Financial lowered their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $187.20.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction on Friday, June 20th. The stock was acquired at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the transaction, the chief financial officer directly owned 3,156 shares of the company's stock, valued at $495,492. This trade represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company's stock.

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.