BidaskClub cut shares of Graham Holdings Company (NYSE:GHC) from a buy rating to a hold rating in a report published on Wednesday.
Shares of Graham Holdings (NYSE:GHC) traded up 0.15% on Wednesday, reaching $599.50. The company had a trading volume of 4,156 shares. The company’s 50-day moving average price is $598.15 and its 200 day moving average price is $567.66. Graham Holdings has a 52 week low of $440.55 and a 52 week high of $615.85.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 19th will be issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, July 17th. Graham Holdings’s dividend payout ratio (DPR) is 18.85%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in Graham Holdings by 0.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,104 shares of the company’s stock valued at $662,000 after buying an additional 8 shares during the period. Amalgamated Bank increased its position in Graham Holdings by 3.0% in the first quarter. Amalgamated Bank now owns 691 shares of the company’s stock worth $414,000 after buying an additional 20 shares during the period. Mason Street Advisors LLC increased its position in Graham Holdings by 1.3% in the first quarter. Mason Street Advisors LLC now owns 2,198 shares of the company’s stock worth $1,318,000 after buying an additional 28 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Graham Holdings by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,150 shares of the company’s stock worth $1,289,000 after buying an additional 30 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in Graham Holdings by 4.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 680 shares of the company’s stock worth $408,000 after buying an additional 30 shares during the period. 74.46% of the stock is currently owned by institutional investors and hedge funds.
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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