Schwab Charles Investment Management Inc. Trims Position in Viad Corp (VVI)

Schwab Charles Investment Management Inc. lowered its stake in Viad Corp (NYSE:VVI) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,416 shares of the business services provider’s stock after selling 2,883 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.74% of Viad Corp worth $7,155,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. bought a new position in Viad Corp during the 1st quarter worth about $151,000. State of Alaska Department of Revenue boosted its stake in shares of Viad Corp by 79.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,020 shares of the business services provider’s stock worth $189,000 after buying an additional 1,780 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Viad Corp by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 4,749 shares of the business services provider’s stock worth $215,000 after buying an additional 311 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Viad Corp by 4.3% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,865 shares of the business services provider’s stock worth $220,000 after buying an additional 200 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Viad Corp during the 1st quarter worth about $298,000. 86.09% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on VVI shares. BidaskClub upgraded shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Viad Corp from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research note on Saturday, July 29th.

Shares of Viad Corp (NYSE:VVI) opened at 61.15 on Tuesday. The firm has a market capitalization of $1.25 billion, a P/E ratio of 19.29 and a beta of 0.52. Viad Corp has a 12 month low of $35.10 and a 12 month high of $61.85. The firm’s 50-day moving average is $57.74 and its 200 day moving average is $49.71.

Viad Corp (NYSE:VVI) last released its earnings results on Thursday, July 27th. The business services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.96 by $0.26. Viad Corp had a net margin of 4.85% and a return on equity of 16.76%. The firm had revenue of $364.77 million for the quarter, compared to the consensus estimate of $347.35 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Viad Corp will post $2.76 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Thursday, September 7th. Viad Corp’s dividend payout ratio (DPR) is presently 12.62%.

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About Viad Corp

Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.

Institutional Ownership by Quarter for Viad Corp (NYSE:VVI)

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