Bank of New York Mellon Corp raised its stake in Graham Holdings Co (NYSE:GHC) by 8.3% during the fourth quarter, Holdings Channel reports. The fund owned 83,384 shares of the company’s stock after buying an additional 6,394 shares during the period. Bank of New York Mellon Corp’s holdings in Graham were worth $46,557,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its stake in shares of Graham by 2.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 3,840 shares of the company’s stock worth $2,144,000 after acquiring an additional 90 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Graham by 2.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,710 shares of the company’s stock worth $2,630,000 after acquiring an additional 95 shares during the last quarter. ING Groep NV grew its stake in shares of Graham by 23.1% in the fourth quarter. ING Groep NV now owns 698 shares of the company’s stock worth $390,000 after acquiring an additional 131 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Graham by 22.7% in the third quarter. Pacer Advisors Inc. now owns 758 shares of the company’s stock worth $444,000 after acquiring an additional 140 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Graham by 0.5% in the fourth quarter. Sei Investments Co. now owns 30,297 shares of the company’s stock worth $16,917,000 after acquiring an additional 160 shares during the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Katharine Weymouth sold 1,500 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $565.54, for a total value of $848,310.00. Following the sale, the director now directly owns 14 shares of the company’s stock, valued at $7,917.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 22.50% of the company’s stock.
Shares of Graham Holdings Co (NYSE GHC) opened at $599.80 on Friday. Graham Holdings Co has a 12 month low of $536.90 and a 12 month high of $615.85. The company has a market capitalization of $3,330.00, a price-to-earnings ratio of 12.34 and a beta of 0.76. The company has a quick ratio of 1.91, a current ratio of 1.98 and a debt-to-equity ratio of 0.17.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Thursday, April 19th will be paid a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, April 18th. This represents a $5.32 dividend on an annualized basis and a dividend yield of 0.89%. Graham’s dividend payout ratio is currently 10.95%.
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Graham 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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