Capital Research Global Investors cut its position in shares of Graham Holdings Company (NYSE:GHC) by 61.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,812 shares of the company’s stock after selling 97,131 shares during the period. Capital Research Global Investors owned approximately 1.29% of Graham Holdings worth $35,866,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Graham Holdings by 11,394.4% during the 1st quarter. BlackRock Inc. now owns 365,638 shares of the company’s stock worth $219,217,000 after purchasing an additional 362,457 shares during the period. Arizona State Retirement System boosted its stake in shares of Graham Holdings by 5.3% during the 2nd quarter. Arizona State Retirement System now owns 2,000 shares of the company’s stock worth $1,199,000 after purchasing an additional 100 shares during the period. SG Americas Securities LLC boosted its stake in shares of Graham Holdings by 147.8% during the 2nd quarter. SG Americas Securities LLC now owns 2,515 shares of the company’s stock worth $1,508,000 after purchasing an additional 1,500 shares during the period. Prudential Financial Inc. boosted its stake in shares of Graham Holdings by 65.8% during the 1st quarter. Prudential Financial Inc. now owns 4,611 shares of the company’s stock worth $2,765,000 after purchasing an additional 1,830 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of Graham Holdings by 352.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 815 shares of the company’s stock worth $489,000 after purchasing an additional 635 shares during the period. 69.06% of the stock is owned by hedge funds and other institutional investors.
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Shares of Graham Holdings Company (GHC) opened at 579.35 on Friday. The stock has a market capitalization of $3.24 billion, a PE ratio of 24.48 and a beta of 0.80. Graham Holdings Company has a 52-week low of $440.55 and a 52-week high of $615.85. The firm has a 50-day moving average of $575.65 and a 200 day moving average of $590.73.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Tuesday, October 17th will be paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 0.88%. The ex-dividend date is Monday, October 16th. Graham Holdings’s dividend payout ratio (DPR) is presently 21.48%.
A number of equities analysts recently commented on GHC shares. BidaskClub cut shares of Graham Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. TheStreet cut shares of Graham Holdings from a “b-” rating to a “c+” rating in a research note on Wednesday, August 2nd.
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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