Teacher Retirement System of Texas Sells 1,207 Shares of Graham Holdings Company (NYSE:GHC)

Teacher Retirement System of Texas lowered its stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 32.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Graham by 12.6% during the fourth quarter. Northern Trust Corp now owns 44,473 shares of the company's stock valued at $38,777,000 after acquiring an additional 4,988 shares during the period. Raymond James Financial Inc. acquired a new position in Graham during the 4th quarter valued at about $26,773,000. JPMorgan Chase & Co. boosted its stake in Graham by 16.5% during the 4th quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company's stock valued at $21,469,000 after purchasing an additional 3,495 shares during the period. GAMMA Investing LLC grew its position in Graham by 128,013.3% in the 1st quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock worth $18,465,000 after purchasing an additional 19,202 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Graham by 84.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,837 shares of the company's stock valued at $16,424,000 after buying an additional 8,615 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Graham Stock Performance

Shares of NYSE:GHC traded up $0.76 on Thursday, hitting $926.69. The company's stock had a trading volume of 42,041 shares, compared to its average volume of 22,138. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 6.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.62. Graham Holdings Company has a 12 month low of $691.41 and a 12 month high of $1,015.00. The stock's 50-day moving average is $951.08 and its two-hundred day moving average is $932.29.

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 net margin of 12.99% and a return on equity of 6.80%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, July 17th. Graham's dividend payout ratio (DPR) 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.