Northern Trust Corp boosted its position in Graham Holdings Company (NYSE:GHC) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,724 shares of the company’s stock after acquiring an additional 3,449 shares during the quarter. Northern Trust Corp owned 1.77% of Graham Holdings worth $49,005,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Graham Holdings by 24.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 168 shares of the company’s stock valued at $101,000 after acquiring an additional 33 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Graham Holdings during the first quarter worth approximately $108,000. Teacher Retirement System of Texas acquired a new stake in Graham Holdings during the first quarter worth approximately $207,000. Martingale Asset Management L P acquired a new stake in Graham Holdings during the first quarter worth approximately $210,000. Finally, Oakbrook Investments LLC raised its holdings 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 in the last quarter. 69.06% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. BidaskClub raised shares of Graham Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. TheStreet lowered shares of Graham Holdings from a “b-” rating to a “c+” rating in a research report on Wednesday, August 2nd.
Graham Holdings Company (NYSE GHC) opened at 552.80 on Wednesday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 23.36 and a beta of 0.80. The stock’s 50 day moving average is $574.22 and its 200-day moving average is $590.67. Graham Holdings Company has a 12 month low of $440.55 and a 12 month high of $615.85.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Tuesday, October 17th will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, October 16th. Graham Holdings’s dividend payout ratio is currently 21.48%.
Graham Holdings Company Profile
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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