Bank of New York Mellon Corp Increases Stake in Graham Holdings (NYSE:GHC)

Bank of New York Mellon Corp raised its holdings in shares of Graham Holdings (NYSE:GHC – Get Rating) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,834 shares of the company’s stock after buying an additional 1,295 shares during the quarter. Bank of New York Mellon Corp owned about 1.43% of Graham worth $37,031,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Graham during the third quarter worth $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Graham during the 3rd quarter valued at about $39,000. Lazard Asset Management LLC grew its holdings in shares of Graham by 156.0% in the second quarter. Lazard Asset Management LLC now owns 128 shares of the company’s stock valued at $72,000 after purchasing an additional 78 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in Graham during the third quarter worth about $80,000. Finally, Captrust Financial Advisors raised its stake in Graham by 119.0% during the first quarter. Captrust Financial Advisors now owns 138 shares of the company’s stock worth $84,000 after purchasing an additional 75 shares during the period. 63.24% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Performance

Shares of Graham stock opened at $561.21 on Tuesday. The firm has a market cap of $2.69 billion, a PE ratio of 41.45 and a beta of 1.03. The company has a quick ratio of 1.26, a current ratio of 1.45 and a debt-to-equity ratio of 0.15. Graham Holdings has a 52 week low of $525.58 and a 52 week high of $681.70. The business’s fifty day simple moving average is $635.49 and its 200-day simple moving average is $608.74.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 11th. Shareholders of record on Thursday, April 20th will be given a $1.65 dividend. The ex-dividend date is Wednesday, April 19th. This represents a $6.60 dividend on an annualized basis and a yield of 1.18%. Graham’s payout ratio is currently 48.74%.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Graham from a “c” rating to a “b+” rating in a report on Monday, December 5th.

Insider Buying and Selling at Graham

In related news, CAO Marcel A. Snyman sold 128 shares of the stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $617.68, for a total transaction of $79,063.04. Following the completion of the transaction, the chief accounting officer now owns 456 shares of the company’s stock, valued at approximately $281,662.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Marcel A. Snyman sold 72 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $611.06, for a total transaction of $43,996.32. Following the sale, the chief accounting officer now owns 584 shares of the company’s stock, valued at $356,859.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Marcel A. Snyman sold 128 shares of Graham stock in a transaction on Monday, January 9th. The shares were sold at an average price of $617.68, for a total value of $79,063.04. Following the completion of the transaction, the chief accounting officer now owns 456 shares of the company’s stock, valued at $281,662.08. The disclosure for this sale can be found here. Company insiders own 20.50% of the company’s stock.

Graham Profile

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Graham Holdings Co engages in the provision of education and media services. It operates through the following segments: Education, Television Broadcasting, Manufacturing, Healthcare, SocialCode, and Other Businesses. The Education segment includes professional training and postsecondary education businesses largely outside the U.S.