Viad Corp (NYSE:VVI) Position Increased by Wells Fargo & Company MN

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Wells Fargo & Company MN raised its position in Viad Corp (NYSE:VVI) by 10.7% during the first quarter, HoldingsChannel.com reports. The firm owned 712,086 shares of the business services provider’s stock after purchasing an additional 68,753 shares during the period. Wells Fargo & Company MN’s holdings in Viad were worth $40,083,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VVI. Quantamental Technologies LLC purchased a new stake in Viad in the 4th quarter worth about $27,000. Investors Research Corp purchased a new position in shares of Viad during the first quarter worth approximately $28,000. Bank of Montreal Can increased its position in shares of Viad by 123.6% during the fourth quarter. Bank of Montreal Can now owns 1,196 shares of the business services provider’s stock worth $60,000 after acquiring an additional 661 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Viad during the first quarter worth approximately $206,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Viad by 904.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,248 shares of the business services provider’s stock worth $239,000 after acquiring an additional 3,825 shares during the period. 88.68% of the stock is currently owned by institutional investors.

Shares of NYSE:VVI opened at $64.92 on Thursday. The company has a market cap of $1.31 billion, a PE ratio of 27.74 and a beta of 0.71. Viad Corp has a one year low of $46.17 and a one year high of $65.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.48 and a current ratio of 0.52.

Viad (NYSE:VVI) last issued its earnings results on Thursday, April 25th. The business services provider reported ($0.51) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.76) by $0.25. The business had revenue of $285.60 million for the quarter, compared to analyst estimates of $272.40 million. Viad had a net margin of 3.13% and a return on equity of 10.56%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted ($0.49) earnings per share. Sell-side analysts anticipate that Viad Corp will post 2.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, June 6th. Viad’s dividend payout ratio (DPR) is presently 17.09%.

In other news, Director Robert E. Munzenrider sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $62.91, for a total transaction of $125,820.00. Following the transaction, the director now directly owns 21,025 shares of the company’s stock, valued at $1,322,682.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Viad from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Zacks Investment Research lowered shares of Viad from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd.

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Viad Company Profile

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. It operates in two business groups, GES and Pursuit. The company offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

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Institutional Ownership by Quarter for Viad (NYSE:VVI)

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