Thrivent Financial for Lutherans Purchases 320 Shares of Viad Corp (VVI)
Thrivent Financial for Lutherans boosted its position in Viad Corp (NYSE:VVI) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,592 shares of the business services provider’s stock after buying an additional 320 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Viad worth $731,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Prudential Financial Inc. boosted its position in shares of Viad by 5.4% during the 3rd quarter. Prudential Financial Inc. now owns 42,288 shares of the business services provider’s stock valued at $2,505,000 after purchasing an additional 2,166 shares in the last quarter. Bank of New York Mellon Corp increased its position in Viad by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 281,790 shares of the business services provider’s stock worth $16,696,000 after buying an additional 11,473 shares during the last quarter. BlackRock Inc. increased its position in Viad by 5.0% in the third quarter. BlackRock Inc. now owns 3,002,334 shares of the business services provider’s stock worth $177,890,000 after buying an additional 144,024 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Viad in the third quarter worth $458,000. Finally, MetLife Investment Advisors LLC boosted its holdings in shares of Viad by 60.0% in the third quarter. MetLife Investment Advisors LLC now owns 14,292 shares of the business services provider’s stock worth $847,000 after acquiring an additional 5,360 shares during the period. 90.37% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine lowered Viad from a “buy” rating to a “hold” rating in a research note on Friday, March 15th.
Viad (NYSE:VVI) last announced its earnings results on Thursday, February 7th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.07). The business had revenue of $296.92 million for the quarter, compared to analysts’ expectations of $287.40 million. Viad had a net margin of 3.79% and a return on equity of 10.65%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) EPS. As a group, analysts expect that Viad Corp will post 2.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, March 14th. Viad’s payout ratio is presently 17.09%.
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Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. The company operates in two business groups, GES and Pursuit. It 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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