New York State Teachers Retirement System Raises Position in Graham Holdings Company $GHC

Key Points

• The New York State Teachers Retirement System increased its holdings in Graham Holdings Company by 6.8% during the second quarter, owning approximately $4.47 million worth of shares.
• Graham Holdings recently reported a quarterly EPS of $14.33, significantly surpassing the consensus estimate of $10.15, with a revenue of $1.22 billion.
• The company announced a quarterly dividend of $1.80 per share, set to be paid on November 6, 2023, indicating a 0.7% dividend yield.

New York State Teachers Retirement System grew its holdings in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,728 shares of the company's stock after purchasing an additional 300 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Graham worth $4,473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its holdings in Graham by 333.3% in the first quarter. Spire Wealth Management now owns 26 shares of the company's stock valued at $25,000 after acquiring an additional 20 shares during the last quarter. UMB Bank n.a. boosted its holdings in Graham by 68.8% in the second quarter. UMB Bank n.a. now owns 27 shares of the company's stock valued at $26,000 after acquiring an additional 11 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Graham by 55.0% in the second quarter. GAMMA Investing LLC now owns 31 shares of the company's stock valued at $29,000 after acquiring an additional 11 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Graham by 216.7% in the first quarter. Nisa Investment Advisors LLC now owns 38 shares of the company's stock valued at $37,000 after acquiring an additional 26 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Graham during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 93.16% of the company's stock.

Graham Trading Up 2.1%

NYSE:GHC opened at $998.74 on Tuesday. The business's 50-day moving average is $1,098.17 and its two-hundred day moving average is $993.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. Graham Holdings Company has a 12 month low of $770.06 and a 12 month high of $1,200.00. The firm has a market capitalization of $4.35 billion, a PE ratio of 6.41 and a beta of 0.88.

Graham (NYSE:GHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $14.33 EPS for the quarter, beating the consensus estimate of $10.15 by $4.18. Graham had a return on equity of 6.79% and a net margin of 14.10%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion.

Graham Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $1.80 per share. The ex-dividend date is Thursday, October 16th. This represents a $7.20 annualized dividend and a dividend yield of 0.7%. Graham's dividend payout ratio (DPR) is currently 4.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "buy (a-)" rating on shares of Graham in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of "Strong Buy".

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.

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