Vest Financial LLC Buys 1,358 Shares of Graham Holdings Company $GHC

Key Points

• Vest Financial LLC increased its stake in Graham Holdings Company by 160.7%, acquiring an additional 1,358 shares, bringing its total ownership to 2,203 shares valued at approximately $2.08 million.
• Graham Holdings announced a quarterly dividend of $1.80, set to be paid on November 6th, with an annualized yield of 0.7%.
• Analysts maintain a consensus rating of "Strong Buy" for Graham Holdings, with Weiss Ratings reaffirming a buy rating for the stock.

Vest Financial LLC lifted its stake in Graham Holdings Company (NYSE:GHC - Free Report) by 160.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,203 shares of the company's stock after acquiring an additional 1,358 shares during the period. Vest Financial LLC owned approximately 0.05% of Graham worth $2,084,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GHC. SG Americas Securities LLC boosted its stake in Graham by 44.9% during the first quarter. SG Americas Securities LLC now owns 852 shares of the company's stock valued at $819,000 after buying an additional 264 shares during the period. Janney Montgomery Scott LLC boosted its stake in Graham by 530.5% during the first quarter. Janney Montgomery Scott LLC now owns 3,575 shares of the company's stock valued at $3,435,000 after buying an additional 3,008 shares during the period. QRG Capital Management Inc. boosted its stake in Graham by 15.9% during the first quarter. QRG Capital Management Inc. now owns 767 shares of the company's stock valued at $737,000 after buying an additional 105 shares during the period. Eagle Strategies LLC boosted its stake in Graham by 46.3% during the first quarter. Eagle Strategies LLC now owns 1,786 shares of the company's stock valued at $1,716,000 after buying an additional 565 shares during the period. Finally, Spire Wealth Management boosted its stake in 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 period. 93.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Graham in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Graham currently has a consensus rating of "Strong Buy".

Graham Stock Up 2.4%

Shares of NYSE:GHC opened at $973.35 on Wednesday. Graham Holdings Company has a 1 year low of $770.06 and a 1 year high of $1,200.00. The company has a market cap of $4.24 billion, a PE ratio of 6.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. The stock's 50-day moving average is $1,098.19 and its 200 day moving average is $992.47.

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

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a $1.80 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $7.20 annualized dividend and a yield of 0.7%. Graham's dividend payout ratio is 4.62%.

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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