Vail Resorts, Inc. (NYSE:MTN) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 12.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,529 shares of the company's stock after buying an additional 3,297 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Vail Resorts worth $4,929,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC raised its position in shares of Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after buying an additional 69 shares during the last quarter. Aurora Investment Managers LLC. grew its holdings in Vail Resorts by 1.1% in the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock valued at $1,522,000 after purchasing an additional 104 shares during the period. ProShare Advisors LLC grew its holdings in Vail Resorts by 6.7% in the fourth quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock valued at $328,000 after purchasing an additional 110 shares during the period. State of Alaska Department of Revenue grew its stake in Vail Resorts by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company's stock worth $701,000 after buying an additional 110 shares during the period. Finally, Atria Investments Inc grew its stake in Vail Resorts by 1.6% during the fourth quarter. Atria Investments Inc now owns 6,977 shares of the company's stock worth $1,308,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays reiterated an "underweight" rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Bank of America boosted their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. 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 note on Wednesday, May 28th. Finally, Macquarie decreased their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $187.20.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the company's stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $157.00 per share, with a total value of $31,400.00. Following the completion of the acquisition, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. This trade represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Vail Resorts Stock Down 0.3%

NYSE MTN traded down $0.46 during trading hours on Friday, reaching $164.02. 429,266 shares of the company traded hands, compared to its average volume of 593,904. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $6.09 billion, a PE ratio of 20.97, a PEG ratio of 2.02 and a beta of 0.91. The company has a 50 day moving average of $152.13 and a two-hundred day moving average of $159.46.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.54 EPS. As a group, equities analysts expect 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. Shareholders of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. The ex-dividend date is Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.41%. Vail Resorts's dividend payout ratio (DPR) is 113.55%.

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.