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

Hsbc Holdings PLC grew its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 9,378.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,962 shares of the company’s stock after acquiring an additional 124,633 shares during the quarter. Hsbc Holdings PLC owned about 0.34% of Vail Resorts worth $20,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bamco Inc. NY grew its position in Vail Resorts by 2.0% in the 4th quarter. Bamco Inc. NY now owns 5,290,546 shares of the company’s stock valued at $991,713,000 after purchasing an additional 105,410 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Vail Resorts by 0.4% during the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company’s stock valued at $264,686,000 after buying an additional 5,788 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Vail Resorts by 7.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company’s stock worth $206,252,000 after acquiring an additional 86,735 shares in the last quarter. TPG GP A LLC increased its position in shares of Vail Resorts by 19.9% during the fourth quarter. TPG GP A LLC now owns 1,036,487 shares of the company’s stock worth $194,289,000 after acquiring an additional 172,082 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock worth $183,039,000 after acquiring an additional 289,484 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $162.6880 on Friday. The business’s fifty day simple moving average is $157.26 and its 200 day simple moving average is $154.10. The company has a current ratio of 0.61, a quick ratio of 0.54 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. The firm has a market capitalization of $6.04 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 2.01 and a beta of 0.90.

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

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Tuesday, June 24th. Vail Resorts’s dividend payout ratio (DPR) is 113.55%.

Insider Buying and Selling

In related news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction on Friday, June 20th. The shares were acquired at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the transaction, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price target for the company in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, May 29th. Mizuho upped their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a report on Friday, June 6th. Bank of America increased their price target on Vail Resorts from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Vail Resorts in a research note on Friday, June 6th. Three 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 company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $187.20.

Vail Resorts 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.