UBS Asset Management Americas Inc. decreased its stake in Graham Holdings Co. (NYSE:GHC) by 40.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,019 shares of the company’s stock after selling 2,676 shares during the period. UBS Asset Management Americas Inc.’s holdings in Graham Holdings were worth $1,967,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. LS Investment Advisors LLC increased its position in shares of Graham Holdings by 66.5% in the second quarter. LS Investment Advisors LLC now owns 263 shares of the company’s stock valued at $129,000 after buying an additional 105 shares during the period. Kazazian Asset Management LLC bought a new position in shares of Graham Holdings during the first quarter valued at about $135,000. Meeder Asset Management Inc. bought a new position in shares of Graham Holdings during the second quarter valued at about $149,000. State of Alaska Department of Revenue increased its position in shares of Graham Holdings by 36.8% in the second quarter. State of Alaska Department of Revenue now owns 346 shares of the company’s stock valued at $169,000 after buying an additional 93 shares during the period. Finally, IBM Retirement Fund bought a new position in shares of Graham Holdings during the second quarter valued at about $214,000. Institutional investors own 68.38% of the company’s stock.
Graham Holdings Co. (NYSE:GHC) traded up 0.19% during mid-day trading on Monday, reaching $474.53. The company had a trading volume of 3,521 shares. Graham Holdings Co. has a 12-month low of $425.14 and a 12-month high of $600.10. The firm has a 50-day moving average price of $499.19 and a 200 day moving average price of $492.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Wednesday, October 19th will be paid a $1.21 dividend. The ex-dividend date is Monday, October 17th. This represents a $4.84 dividend on an annualized basis and a yield of 1.02%. Graham Holdings’s dividend payout ratio is -34.13%.
Separately, TheStreet downgraded Graham Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
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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