The Viad Corp. (VVI) Position Cut by Prudential Financial Inc.

The Viad Corp. (VVI) Position Cut by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of Viad Corp. (NYSE:VVI) by 37.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,712 shares of the company’s stock after selling 27,730 shares during the period. Prudential Financial Inc.’s holdings in Viad Corp. were worth $1,685,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of Viad Corp. by 112.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,319 shares of the company’s stock valued at $196,000 after buying an additional 3,342 shares in the last quarter. Northpointe Capital LLC increased its stake in shares of Viad Corp. by 4.9% in the second quarter. Northpointe Capital LLC now owns 439,426 shares of the company’s stock valued at $13,622,000 after buying an additional 20,409 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of Viad Corp. by 4.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,306 shares of the company’s stock valued at $443,000 after buying an additional 666 shares in the last quarter. Swiss National Bank increased its stake in shares of Viad Corp. by 1.7% in the second quarter. Swiss National Bank now owns 35,400 shares of the company’s stock valued at $1,097,000 after buying an additional 600 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Viad Corp. by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 16,771 shares of the company’s stock valued at $520,000 after buying an additional 119 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Viad Corp. (NYSE:VVI) traded down 1.55% on Thursday, hitting $44.45. 84,620 shares of the stock were exchanged. The firm has a market cap of $902.65 million, a PE ratio of 19.84 and a beta of 0.59. The stock’s 50 day moving average price is $44.69 and its 200 day moving average price is $38.57. Viad Corp. has a 52-week low of $25.90 and a 52-week high of $47.40.

Viad Corp. (NYSE:VVI) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.56 by $0.18. Viad Corp. had a return on equity of 14.42% and a net margin of 3.78%. The business had revenue of $382.47 million for the quarter, compared to analyst estimates of $373.47 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 49.4% compared to the same quarter last year. Equities research analysts forecast that Viad Corp. will post $2.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, December 16th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 0.90%. Viad Corp.’s dividend payout ratio is presently 17.94%.

Several equities research analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $45.00 target price on shares of Viad Corp. in a research note on Tuesday, November 1st. Zacks Investment Research raised shares of Viad Corp. from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, November 1st.

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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