Shell Asset Management Co. continued to hold its position in shares of Graham Holdings Co. (NYSE:GHC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 989 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Graham Holdings were worth $484,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of GHC. State Street Corp raised its position in shares of Graham Holdings by 2.6% in the first quarter. State Street Corp now owns 107,587 shares of the company’s stock valued at $51,637,000 after buying an additional 2,719 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Graham Holdings by 73.0% in the first quarter. Renaissance Technologies LLC now owns 55,000 shares of the company’s stock valued at $26,400,000 after buying an additional 23,200 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Graham Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 27,884 shares of the company’s stock valued at $13,383,000 after buying an additional 971 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Graham Holdings during the first quarter valued at about $12,000,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Graham Holdings by 413.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 21,965 shares of the company’s stock valued at $10,543,000 after buying an additional 17,688 shares during the last quarter. Institutional investors own 68.38% of the company’s stock.
Graham Holdings Co. (NYSE:GHC) traded up 1.81% during mid-day trading on Monday, reaching $482.16. 76,615 shares of the company’s stock were exchanged. The company’s 50-day moving average is $499.19 and its 200 day moving average is $492.88. Graham Holdings Co. has a one year low of $425.14 and a one year high of $600.10.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Wednesday, October 19th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Monday, October 17th. Graham Holdings’s payout ratio is -34.13%.
Separately, TheStreet lowered shares of Graham Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
Graham Holdings Company Profile
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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