Meiji Yasuda Life Insurance Co Invests $389,000 in Vail Resorts, Inc. (NYSE:MTN)

Meiji Yasuda Life Insurance Co bought a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 1st quarter, Holdings Channel reports. The firm bought 1,790 shares of the company’s stock, valued at approximately $389,000.

Several other institutional investors have also recently bought and sold shares of MTN. Pinnacle Financial Partners Inc. acquired a new position in Vail Resorts during the 1st quarter worth approximately $28,000. Westside Investment Management Inc. increased its position in Vail Resorts by 700.0% during the 4th quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock worth $42,000 after purchasing an additional 175 shares during the period. Oakworth Capital Inc. grew its holdings in shares of Vail Resorts by 100.0% in the 4th quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock worth $42,000 after acquiring an additional 100 shares during the period. Private Ocean LLC acquired a new stake in shares of Vail Resorts in the 1st quarter worth approximately $43,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Vail Resorts in the 1st quarter worth approximately $46,000. 98.06% of the stock is owned by institutional investors and hedge funds.

In related news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $216.47, for a total value of $216,470.00. Following the completion of the sale, the director now directly owns 8,372 shares in the company, valued at approximately $1,812,286.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Patricia A. Campbell sold 6,431 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $235.53, for a total value of $1,514,693.43. Following the completion of the sale, the insider now owns 33,729 shares of the company’s stock, valued at $7,944,191.37. The disclosure for this sale can be found here. Insiders sold a total of 72,344 shares of company stock worth $16,787,734 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

A number of research firms recently weighed in on MTN. Zacks Investment Research upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Stifel Nicolaus upped their price target on Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, June 7th. SunTrust Banks began coverage on Vail Resorts in a report on Friday, April 26th. They issued a “buy” rating and a $242.00 price target on the stock. Macquarie cut Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 target price on the stock. in a report on Thursday, April 4th. Finally, Deutsche Bank reiterated a “buy” rating and set a $267.00 target price on shares of Vail Resorts in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $244.96.

Shares of Vail Resorts stock opened at $233.47 on Friday. Vail Resorts, Inc. has a fifty-two week low of $179.60 and a fifty-two week high of $302.76. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 2.25 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 0.76.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 6th. The company reported $7.12 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.09. The business had revenue of $958.00 million for the quarter, compared to analyst estimates of $958.39 million. Vail Resorts had a return on equity of 18.25% and a net margin of 13.71%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $6.17 EPS. Analysts expect that Vail Resorts, Inc. will post 6.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 26th will be given a $1.76 dividend. This represents a $7.04 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is currently 111.92%.

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Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

Read More: Leveraged Buyout (LBO) Explained

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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