Mackenzie Financial Corp Sells 809 Shares of Graham Holdings (NYSE:GHC)

Mackenzie Financial Corp decreased its stake in Graham Holdings (NYSE:GHC - Free Report) by 47.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 886 shares of the company's stock after selling 809 shares during the quarter. Mackenzie Financial Corp's holdings in Graham were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Graham by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock valued at $27,000 after buying an additional 11 shares during the period. KBC Group NV raised its position in shares of Graham by 36.5% during the fourth quarter. KBC Group NV now owns 142 shares of the company's stock worth $124,000 after purchasing an additional 38 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Graham by 44.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock worth $126,000 after purchasing an additional 44 shares during the period. Principal Securities Inc. raised its position in shares of Graham by 30.0% during the fourth quarter. Principal Securities Inc. now owns 182 shares of the company's stock worth $159,000 after purchasing an additional 42 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in shares of Graham during the fourth quarter worth about $197,000. Institutional investors and hedge funds own 93.16% of the company's stock.

Graham Stock Down 0.0%

Shares of NYSE GHC traded down $0.37 during mid-day trading on Thursday, reaching $956.38. 27,582 shares of the company's stock were exchanged, compared to its average volume of 18,088. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 18.73 and a beta of 0.91. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $936.09 and a 200 day simple moving average of $928.18. Graham Holdings has a twelve month low of $683.00 and a twelve month high of $1,015.00.

Graham (NYSE:GHC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $11.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $11.29 by $0.35. Graham had a return on equity of 5.79% and a net margin of 4.86%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion.

Graham Announces Dividend

The business 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 $1.80 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.75%. Graham's dividend payout ratio is 5.05%.

Wall Street Analyst Weigh In

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

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.