Daymark Wealth Partners LLC Buys Shares of 2,261 Vail Resorts, Inc. (NYSE:MTN)

Daymark Wealth Partners LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,261 shares of the company’s stock, valued at approximately $407,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its position in shares of Vail Resorts by 11.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,631 shares of the company’s stock worth $2,483,000 after acquiring an additional 1,176 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Vail Resorts by 3.6% during the fourth quarter. Hsbc Holdings PLC now owns 42,151 shares of the company’s stock worth $9,000,000 after acquiring an additional 1,467 shares during the last quarter. TD Asset Management Inc grew its position in shares of Vail Resorts by 16.9% during the fourth quarter. TD Asset Management Inc now owns 21,413 shares of the company’s stock worth $4,571,000 after acquiring an additional 3,096 shares during the last quarter. Bank of Nova Scotia grew its position in shares of Vail Resorts by 93.1% during the fourth quarter. Bank of Nova Scotia now owns 1,840 shares of the company’s stock worth $393,000 after acquiring an additional 887 shares during the last quarter. Finally, Condor Capital Management grew its position in shares of Vail Resorts by 2.7% during the fourth quarter. Condor Capital Management now owns 11,040 shares of the company’s stock worth $2,357,000 after acquiring an additional 290 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $180.65 on Friday. Vail Resorts, Inc. has a twelve month low of $165.14 and a twelve month high of $242.47. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.56 and a beta of 1.14. The firm has a 50-day moving average of $179.54 and a two-hundred day moving average of $191.96.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. During the same period in the previous year, the company posted ($3.35) earnings per share. Vail Resorts’s revenue was down 1.6% compared to the same quarter last year. As a group, analysts expect that Vail Resorts, Inc. will post 6.44 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s dividend payout ratio is presently 120.82%.

Analysts Set New Price Targets

MTN has been the subject of several recent research reports. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Stifel Nicolaus decreased their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday. Finally, Mizuho decreased their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $211.75.

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.