Graham Holdings (NYSE:GHC) is Wallace Capital Management Inc.’s 3rd Largest Position

Wallace Capital Management Inc. reduced its position in shares of Graham Holdings (NYSE:GHC) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,278 shares of the company’s stock after selling 2,236 shares during the period. Graham accounts for about 19.6% of Wallace Capital Management Inc.’s holdings, making the stock its 3rd biggest position. Wallace Capital Management Inc. owned approximately 3.82% of Graham worth $144,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GHC. Smartleaf Asset Management LLC raised its stake in shares of Graham by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 31 shares of the company’s stock worth $27,000 after purchasing an additional 11 shares during the period. Stifel Financial Corp raised its position in Graham by 1.8% in the fourth quarter. Stifel Financial Corp now owns 623 shares of the company’s stock worth $543,000 after acquiring an additional 11 shares during the period. Xponance Inc. boosted its stake in Graham by 3.3% in the fourth quarter. Xponance Inc. now owns 469 shares of the company’s stock valued at $409,000 after acquiring an additional 15 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Graham by 1.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,238 shares of the company’s stock valued at $1,951,000 after acquiring an additional 23 shares during the period. Finally, KBC Group NV increased its stake in shares of Graham by 36.5% during the 4th quarter. KBC Group NV now owns 142 shares of the company’s stock worth $124,000 after purchasing an additional 38 shares during the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Graham Stock Down 0.2%

Shares of NYSE GHC opened at $959.52 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The stock has a market capitalization of $4.18 billion, a PE ratio of 18.79 and a beta of 0.91. Graham Holdings has a one year low of $683.00 and a one year high of $1,015.00. The business’s fifty day moving average price is $938.56 and its 200-day moving average price is $926.71.

Graham (NYSE:GHC) last released its quarterly earnings data on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, beating the consensus estimate of $11.29 by $0.35. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.20 billion. Graham had a net margin of 4.86% and a return on equity of 5.79%.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be paid a $1.80 dividend. The ex-dividend date is Thursday, July 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.75%. Graham’s dividend payout ratio is 5.05%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Graham from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 23rd.

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.