TD Asset Management Inc. Has $1.52 Million Stake in Viad Corp (VVI)
TD Asset Management Inc. boosted its position in Viad Corp (NYSE:VVI) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,200 shares of the business services provider’s stock after buying an additional 2,100 shares during the period. TD Asset Management Inc. owned approximately 0.16% of Viad Corp worth $1,521,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in shares of Viad Corp by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,240 shares of the business services provider’s stock worth $101,000 after buying an additional 40 shares during the period. Asset Management One Co. Ltd. bought a new stake in Viad Corp during the first quarter worth approximately $151,000. LS Investment Advisors LLC boosted its stake in Viad Corp by 374.8% in the first quarter. LS Investment Advisors LLC now owns 3,509 shares of the business services provider’s stock worth $159,000 after buying an additional 2,770 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Viad Corp during the first quarter worth approximately $208,000. Finally, Mason Street Advisors LLC boosted its stake in Viad Corp by 7.0% in the first 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 in the last quarter. Institutional investors and hedge funds own 87.02% of the company’s stock.
Shares of Viad Corp (VVI) opened at 53.15 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of 16.77 and a beta of 0.54. The stock’s 50 day moving average is $51.31 and its 200-day moving average is $46.81. Viad Corp has a 1-year low of $34.40 and a 1-year high of $54.75.
Viad Corp (NYSE:VVI) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.22 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $364.77 million during the quarter, compared to the consensus estimate of $347.35 million. During the same period in the prior year, the company earned $1.04 EPS. Viad Corp’s revenue was up 12.3% on a year-over-year basis. On average, analysts predict that Viad Corp will post $2.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 7th. Viad Corp’s payout ratio is 12.62%.
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VVI has been the subject of a number of research reports. Zacks Investment Research cut shares of Viad Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. BidaskClub raised shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th.
Viad Corp Company Profile
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.
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