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

Bank of New York Mellon Corp cut its stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 42,639 shares of the company's stock after selling 411 shares during the period. Bank of New York Mellon Corp owned about 0.98% of Graham worth $40,971,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Northern Trust Corp increased its holdings in shares of Graham by 12.6% in the 4th quarter. Northern Trust Corp now owns 44,473 shares of the company's stock valued at $38,777,000 after acquiring an additional 4,988 shares during the period. Raymond James Financial Inc. acquired a new stake in Graham during the 4th quarter worth approximately $26,773,000. JPMorgan Chase & Co. increased its position in Graham by 16.5% during the 4th quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company's stock worth $21,469,000 after purchasing an additional 3,495 shares in the last quarter. GAMMA Investing LLC increased its position in Graham by 128,013.3% during the 1st quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock worth $18,465,000 after purchasing an additional 19,202 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Graham by 84.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,837 shares of the company's stock worth $16,424,000 after purchasing an additional 8,615 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Graham Stock Down 0.2%

NYSE:GHC traded down $1.81 during trading hours on Friday, hitting $898.48. The stock had a trading volume of 10,375 shares, compared to its average volume of 22,346. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. Graham Holdings Company has a 1-year low of $691.41 and a 1-year high of $1,015.00. The business has a 50 day simple moving average of $946.31 and a two-hundred day simple moving average of $933.57. The company has a market cap of $3.92 billion, a PE ratio of 6.30 and a beta of 0.92.

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 net margin of 12.99% and a return on equity of 6.80%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion.

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be issued 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 (DPR) is 5.05%.

Graham Company 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.