Graham Holdings Company (NYSE:GHC) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lowered its stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 11.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,500 shares of the company's stock after selling 600 shares during the period. Lee Danner & Bass Inc. owned 0.10% of Graham worth $4,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management raised its holdings in Graham by 333.3% in the first quarter. Spire Wealth Management now owns 26 shares of the company's stock worth $25,000 after purchasing an additional 20 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Graham by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Graham by 44.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock valued at $126,000 after acquiring an additional 44 shares during the last quarter. GeoWealth Management LLC acquired a new stake in Graham in the fourth quarter valued at approximately $197,000. Finally, Simon Quick Advisors LLC purchased a new position in Graham in the first quarter worth $205,000. Institutional investors own 93.16% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Graham from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 23rd.

Graham Stock Performance

Shares of NYSE:GHC traded down $7.37 on Monday, hitting $945.26. 23,461 shares of the company were exchanged, compared to its average volume of 21,695. The firm has a market capitalization of $4.12 billion, a P/E ratio of 6.63 and a beta of 0.92. 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 $683.00 and a 1-year high of $1,015.00. The stock's 50 day moving average price is $951.01 and its 200 day moving average price is $932.08.

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

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 given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend 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.