Geode Capital Management LLC Lowers Stock Position in Graham Holdings (NYSE:GHC)

Geode Capital Management LLC reduced its holdings in Graham Holdings (NYSE:GHC - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,089 shares of the company's stock after selling 1,689 shares during the quarter. Geode Capital Management LLC owned about 1.83% of Graham worth $68,975,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of Graham by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company's stock valued at $17,361,000 after acquiring an additional 1,941 shares in the last quarter. Franklin Resources Inc. increased its stake in Graham by 8.6% in the third quarter. Franklin Resources Inc. now owns 10,311 shares of the company's stock valued at $8,344,000 after purchasing an additional 819 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Graham during the fourth quarter valued at about $437,000. Y Intercept Hong Kong Ltd bought a new position in shares of Graham during the 4th quarter worth about $635,000. Finally, SG Americas Securities LLC grew its stake in shares of Graham by 188.2% in the 4th quarter. SG Americas Securities LLC now owns 588 shares of the company's stock valued at $513,000 after buying an additional 384 shares during the period. 93.16% of the stock is owned by institutional investors and hedge funds.

Graham Stock Down 0.9 %

Shares of NYSE:GHC traded down $7.89 during trading on Thursday, reaching $905.38. 10,935 shares of the stock were exchanged, compared to its average volume of 17,010. The stock has a fifty day moving average of $941.96 and a two-hundred day moving average of $903.60. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $1,003.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 17.77 and a beta of 0.92.

Graham Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, April 17th. Graham's dividend payout ratio (DPR) is 4.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Graham from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 29th.

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.