Parkway Wealth Management Group LLC Makes New $558,000 Investment in Graham Holdings Company $GHC

Parkway Wealth Management Group LLC acquired a new position in Graham Holdings Company (NYSE:GHC) in the 3rd quarter, Holdings Channel reports. The firm acquired 492 shares of the company’s stock, valued at approximately $558,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GHC. Bank of America Corp DE increased its position in shares of Graham by 11.0% during the first quarter. Bank of America Corp DE now owns 13,290 shares of the company’s stock valued at $14,051,000 after buying an additional 1,315 shares during the period. Engineers Gate Manager LP raised its stake in Graham by 135.0% in the second quarter. Engineers Gate Manager LP now owns 1,734 shares of the company’s stock worth $1,979,000 after buying an additional 996 shares in the last quarter. Renaissance Technologies LLC raised its stake in Graham by 551.4% in the first quarter. Renaissance Technologies LLC now owns 9,400 shares of the company’s stock worth $9,938,000 after buying an additional 7,957 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Graham in the first quarter worth about $1,554,000. Finally, Allianz Asset Management GmbH purchased a new stake in Graham in the second quarter worth about $1,138,000. 93.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GHC shares. Oppenheimer reaffirmed an “outperform” rating on shares of Graham in a research report on Thursday, June 25th. Wall Street Zen raised Graham from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded Graham from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Graham presently has a consensus rating of “Strong Buy”.

Graham Trading Up 0.7%

NYSE:GHC opened at $1,211.47 on Tuesday. The firm has a market capitalization of $5.12 billion, a P/E ratio of 9.76 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.86 and a quick ratio of 1.59. Graham Holdings Company has a one year low of $974.00 and a one year high of $1,262.34. The company’s 50-day simple moving average is $1,156.49 and its 200 day simple moving average is $1,147.01.

Graham (NYSE:GHC) last announced its earnings results on Thursday, July 30th. The company reported $19.46 earnings per share for the quarter, beating analysts’ consensus estimates of $14.83 by $4.63. Graham had a net margin of 10.69% and a return on equity of 5.73%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion.

Graham Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, October 15th will be paid a $1.88 dividend. The ex-dividend date is Thursday, October 15th. This represents a $7.52 annualized dividend and a dividend yield of 0.6%. Graham’s dividend payout ratio is presently 6.06%.

Graham Company Profile

Graham Holdings Company is a diversified American holding company formerly known as The Washington Post Company. The company changed its name in 2013 after the sale of the newspaper publishing business to Jeff Bezos. Today, Graham Holdings operates a portfolio of businesses across education, media, healthcare, automotive, manufacturing and other industries.

Its largest business is Kaplan, a provider of educational services, professional training and test preparation. Graham Holdings also owns Graham Media Group, which operates local television stations in several U.S.