Advisors Asset Management Inc. lowered its position in Viad Corp. (NYSE:VVI) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,925 shares of the company’s stock after selling 218 shares during the period. Advisors Asset Management Inc.’s holdings in Viad Corp. were worth $277,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Teachers Advisors Inc. raised its stake in shares of Viad Corp. by 8.4% in the first quarter. Teachers Advisors Inc. now owns 273,577 shares of the company’s stock worth $7,978,000 after buying an additional 21,220 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Viad Corp. by 7.1% in the first quarter. BlackRock Group LTD now owns 29,360 shares of the company’s stock worth $857,000 after buying an additional 1,956 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Viad Corp. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 1,301,395 shares of the company’s stock worth $37,949,000 after buying an additional 8,991 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Viad Corp. by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 532,623 shares of the company’s stock worth $15,531,000 after buying an additional 3,538 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Viad Corp. by 32.2% in the first quarter. JPMorgan Chase & Co. now owns 266,927 shares of the company’s stock worth $7,783,000 after buying an additional 64,950 shares in the last quarter. 88.32% of the stock is currently owned by hedge funds and other institutional investors.
Viad Corp. (NYSE:VVI) traded up 0.35% on Friday, reaching $36.87. 96,068 shares of the company’s stock were exchanged. The company has a market cap of $747.91 million, a price-to-earnings ratio of 39.82 and a beta of 1.07. Viad Corp. has a 52 week low of $25.90 and a 52 week high of $37.85. The stock’s 50 day moving average is $36.22 and its 200 day moving average is $32.34.
Viad Corp. (NYSE:VVI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.22. The business earned $324.70 million during the quarter, compared to the consensus estimate of $304.90 million. Viad Corp. had a return on equity of 6.77% and a net margin of 1.75%. Viad Corp.’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 earnings per share. On average, equities analysts anticipate that Viad Corp. will post $2.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, September 7th. Viad Corp.’s dividend payout ratio (DPR) is presently 43.48%.
VVI has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Viad Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. B. Riley restated a “buy” rating and set a $39.25 target price on shares of Viad Corp. in a research report on Thursday, June 16th.
In related news, Director Robert E. Munzenrider sold 2,000 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $35.87, for a total value of $71,740.00. Following the completion of the transaction, the director now owns 22,106 shares of the company’s stock, valued at $792,942.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.
About Viad Corp.
Viad Corp is an international experiential services company. The Company has operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Company conducts its operations through three business segments: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group.
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