Graham Holdings (NYSE:GHC) Stock Position Lessened by Arizona State Retirement System

Arizona State Retirement System reduced its stake in shares of Graham Holdings (NYSE:GHC) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 979 shares of the company’s stock after selling 43 shares during the quarter. Arizona State Retirement System’s holdings in Graham were worth $682,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GHC. DAVENPORT & Co LLC lifted its stake in shares of Graham by 4.8% in the 4th quarter. DAVENPORT & Co LLC now owns 545 shares of the company’s stock worth $380,000 after acquiring an additional 25 shares during the period. Harrington Investments INC lifted its holdings in shares of Graham by 4.2% in the fourth quarter. Harrington Investments INC now owns 1,685 shares of the company’s stock valued at $1,174,000 after buying an additional 68 shares during the period. Assenagon Asset Management S.A. bought a new position in Graham during the fourth quarter valued at about $2,136,000. Pacer Advisors Inc. grew its holdings in Graham by 182.4% during the fourth quarter. Pacer Advisors Inc. now owns 915 shares of the company’s stock worth $637,000 after acquiring an additional 591 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in Graham by 97.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,266 shares of the company’s stock worth $738,000 after acquiring an additional 626 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Graham Price Performance

NYSE GHC opened at $698.60 on Friday. Graham Holdings has a 1 year low of $551.36 and a 1 year high of $771.05. The business’s fifty day moving average is $727.71 and its two-hundred day moving average is $675.91. The stock has a market capitalization of $3.12 billion, a P/E ratio of 16.07 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.26 and a current ratio of 1.50.

Graham (NYSE:GHC) last issued its earnings results on Friday, February 23rd. The company reported $10.94 earnings per share (EPS) for the quarter. Graham had a return on equity of 5.23% and a net margin of 4.65%. The business had revenue of $1.17 billion for the quarter.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 18th will be paid a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Wednesday, April 17th. Graham’s dividend payout ratio is presently 15.83%.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 556 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $712.99, for a total transaction of $396,422.44. Following the sale, the director now owns 1,993 shares in the company, valued at $1,420,989.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.