BlackRock Inc. reduced its position in Graham Holdings Company (NYSE:GHC) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,237 shares of the company’s stock after selling 2,401 shares during the quarter. BlackRock Inc. owned approximately 7.85% of Graham Holdings worth $217,813,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Graham Holdings by 24.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 168 shares of the company’s stock worth $101,000 after purchasing an additional 33 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Graham Holdings during the first quarter worth approximately $108,000. Teacher Retirement System of Texas purchased a new stake in Graham Holdings during the first quarter worth approximately $207,000. Martingale Asset Management L P purchased a new stake in Graham Holdings during the first quarter worth approximately $210,000. Finally, Oakbrook Investments LLC lifted its stake in Graham Holdings by 1.7% during the second quarter. Oakbrook Investments LLC now owns 356 shares of the company’s stock worth $213,000 after purchasing an additional 6 shares during the last quarter. 69.06% of the stock is owned by institutional investors.
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Several research analysts have commented on the company. BidaskClub lowered Graham Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. TheStreet lowered Graham Holdings from a “b-” rating to a “c+” rating in a report on Wednesday, August 2nd.
Graham Holdings Company (GHC) opened at 553.35 on Tuesday. Graham Holdings Company has a one year low of $440.55 and a one year high of $615.85. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 23.39 and a beta of 0.80. The company’s 50-day moving average price is $574.22 and its 200-day moving average price is $590.67.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Tuesday, October 17th will be issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Monday, October 16th. Graham Holdings’s payout ratio is 21.48%.
About Graham Holdings
Graham Holdings Company, formerly The Washington Post Company, is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems, and online, print and local TV news. The Company owns Kaplan, a provider of educational services to individuals, schools and businesses, serving over one million students annually with operations in more than 30 countries.
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