Graham Holdings Company (NYSE:GHC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Graham Holdings Company (NYSE:GHC - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,639 shares of the company's stock after selling 411 shares during the quarter. Bank of New York Mellon Corp owned 0.98% of Graham worth $40,971,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its position in shares of Graham by 1.8% during the fourth quarter. Stifel Financial Corp now owns 623 shares of the company's stock worth $543,000 after acquiring an additional 11 shares during the last quarter. Xponance Inc. grew its position in Graham by 3.3% in the 4th quarter. Xponance Inc. now owns 469 shares of the company's stock valued at $409,000 after buying an additional 15 shares during the last quarter. Miracle Mile Advisors LLC grew its position in Graham by 3.2% in the 1st quarter. Miracle Mile Advisors LLC now owns 517 shares of the company's stock valued at $497,000 after buying an additional 16 shares during the last quarter. Spire Wealth Management grew its position in Graham by 333.3% in the 1st quarter. Spire Wealth Management now owns 26 shares of the company's stock valued at $25,000 after buying an additional 20 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in Graham by 3.4% in the 1st quarter. DAVENPORT & Co LLC now owns 600 shares of the company's stock valued at $577,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Graham from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 23rd.

Graham Price Performance

Shares of GHC traded down $28.33 on Tuesday, reaching $899.08. The stock had a trading volume of 32,747 shares, compared to its average volume of 22,304. The firm has a market capitalization of $3.92 billion, a PE ratio of 6.30 and a beta of 0.92. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $950.67 and a 200 day moving average of $933.56. Graham Holdings Company has a twelve month low of $691.41 and a twelve month high of $1,015.00.

Graham (NYSE:GHC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 earnings per share for the quarter, topping analysts' consensus estimates of $11.29 by $0.35. Graham had a return on equity of 6.80% and a net margin of 12.99%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.20 billion.

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, July 17th. Graham's dividend payout ratio is presently 5.05%.

Graham Profile

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.