Prudential Financial Inc. Buys 507 Shares of Graham Holdings Company $GHC

Prudential Financial Inc. increased its position in Graham Holdings Company (NYSE:GHC) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,455 shares of the company’s stock after acquiring an additional 507 shares during the quarter. Prudential Financial Inc.’s holdings in Graham were worth $5,988,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in Graham by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 11,543 shares of the company’s stock worth $10,922,000 after acquiring an additional 341 shares during the period. AXQ Capital LP bought a new position in shares of Graham in the second quarter worth $539,000. Franklin Resources Inc. increased its holdings in shares of Graham by 0.7% in the second quarter. Franklin Resources Inc. now owns 13,522 shares of the company’s stock worth $12,794,000 after purchasing an additional 94 shares during the period. Legal & General Group Plc boosted its stake in Graham by 2.1% during the second quarter. Legal & General Group Plc now owns 5,712 shares of the company’s stock valued at $5,405,000 after buying an additional 116 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Graham by 268.6% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 962 shares of the company’s stock valued at $910,000 after buying an additional 701 shares during the period. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Graham Price Performance

Shares of Graham stock opened at $1,106.50 on Friday. The firm has a market capitalization of $4.83 billion, a PE ratio of 6.62 and a beta of 0.86. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. Graham Holdings Company has a 12 month low of $840.50 and a 12 month high of $1,200.00. The business’s 50-day moving average price is $1,068.56 and its 200-day moving average price is $1,019.30.

Graham (NYSE:GHC) last issued its earnings results on Wednesday, October 29th. The company reported $14.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.36 by $1.72. Graham had a return on equity of 6.34% and a net margin of 14.93%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.19 billion.

Graham Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were issued a dividend of $1.80 per share. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $7.20 annualized dividend and a dividend yield of 0.7%. Graham’s dividend payout ratio (DPR) is currently 4.30%.

Wall Street Analyst Weigh In

Several analysts have weighed in on GHC shares. Wall Street Zen raised Graham from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Graham in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Graham presently has a consensus rating of “Buy”.

About Graham

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.