Teacher Retirement System of Texas Cuts Stake in Graham Holdings Company (NYSE:GHC)

Teacher Retirement System of Texas cut its stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 32.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,548 shares of the company's stock after selling 1,207 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Graham worth $2,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management grew its holdings in shares of Graham by 333.3% during the first quarter. Spire Wealth Management now owns 26 shares of the company's stock valued at $25,000 after buying an additional 20 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Graham by 55.0% during 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 last quarter. Steward Partners Investment Advisory LLC boosted its holdings in 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 last quarter. GeoWealth Management LLC purchased a new position in Graham during the fourth quarter worth about $197,000. Finally, Simon Quick Advisors LLC bought a new stake in Graham in the first quarter worth about $205,000. 93.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Graham Price Performance

GHC stock traded down $6.05 during midday trading on Friday, reaching $920.96. The company had a trading volume of 24,384 shares, compared to its average volume of 22,211. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.62 and a quick ratio of 1.41. Graham Holdings Company has a 1 year low of $691.41 and a 1 year high of $1,015.00. The company has a market capitalization of $4.02 billion, a P/E ratio of 6.46 and a beta of 0.92. The firm has a 50-day moving average price of $950.67 and a 200-day moving average price of $933.56.

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 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 company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.20 billion.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be issued a $1.80 dividend. The ex-dividend date is Thursday, July 17th. This represents a $7.20 annualized dividend and a yield of 0.78%. Graham's dividend payout ratio (DPR) is presently 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.