Wallace Capital Management Inc. reduced its stake in shares of Graham Holdings (NYSE:GHC - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,278 shares of the company's stock after selling 2,236 shares during the quarter. Graham accounts for 19.6% of Wallace Capital Management Inc.'s holdings, making the stock its 3rd largest position. Wallace Capital Management Inc. owned approximately 3.82% of Graham worth $144,109,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in shares of Graham by 38.5% in the 4th quarter. ProShare Advisors LLC now owns 1,058 shares of the company's stock valued at $922,000 after purchasing an additional 294 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Graham in the fourth quarter valued at approximately $389,000. Millennium Management LLC raised its stake in shares of Graham by 16.8% during the 4th quarter. Millennium Management LLC now owns 5,891 shares of the company's stock worth $5,136,000 after buying an additional 847 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Graham by 1.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,238 shares of the company's stock valued at $1,951,000 after buying an additional 23 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Graham by 107.1% during the 4th quarter. Lazard Asset Management LLC now owns 2,452 shares of the company's stock valued at $2,137,000 after buying an additional 1,268 shares in the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.
Graham Price Performance
Shares of GHC traded up $1.25 during mid-day trading on Friday, hitting $922.42. 17,611 shares of the company were exchanged, compared to its average volume of 17,786. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 18.06 and a beta of 0.91. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $1,015.00. The company has a 50 day moving average of $939.28 and a 200-day moving average of $927.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57.
Graham (NYSE:GHC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $11.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.29 by $0.35. Graham had a net margin of 4.86% and a return on equity of 5.79%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.20 billion.
Graham Announces Dividend
The business also recently announced 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 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, July 17th. Graham's dividend payout ratio (DPR) is presently 5.05%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Graham from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 23rd.
Read Our Latest Report on GHC
Graham Profile
(
Free Report)
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.
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