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%.
TRADEMARK VIOLATION NOTICE: “Schwab Charles Investment Management Inc. Trims Position in Viad Corp (VVI)” was originally published by BBNS and is the property of of BBNS. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/schwab-charles-investment-management-inc-decreases-holdings-in-viad-corp-vvi/1697956.html.
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.
Receive News & Ratings for Viad Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viad Corp and related companies with our FREE daily email newsletter.