Arizona State Retirement System Has $682,000 Holdings in Graham Holdings (NYSE:GHC)

Arizona State Retirement System decreased its position in shares of Graham Holdings (NYSE:GHC) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 979 shares of the company’s stock after selling 43 shares during the period. Arizona State Retirement System’s holdings in Graham were worth $682,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GHC. Vanguard Group Inc. lifted its position in Graham by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 365,230 shares of the company’s stock worth $223,328,000 after buying an additional 4,345 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Graham by 27,384.9% during the first quarter. Envestnet Asset Management Inc. now owns 220,704 shares of the company’s stock worth $500,000 after purchasing an additional 219,901 shares in the last quarter. State Street Corp grew its stake in shares of Graham by 1.0% during the first quarter. State Street Corp now owns 133,146 shares of the company’s stock valued at $79,334,000 after purchasing an additional 1,334 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Graham by 4.6% in the second quarter. Geode Capital Management LLC now owns 75,625 shares of the company’s stock valued at $43,218,000 after purchasing an additional 3,311 shares in the last quarter. Finally, Capital Research Global Investors raised its position in Graham by 20.0% in the 1st quarter. Capital Research Global Investors now owns 60,000 shares of the company’s stock worth $36,688,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.

Graham Stock Performance

Shares of NYSE:GHC opened at $698.60 on Friday. The stock has a market capitalization of $3.12 billion, a P/E ratio of 16.07 and a beta of 1.11. The company has a current ratio of 1.50, a quick ratio of 1.26 and a debt-to-equity ratio of 0.19. Graham Holdings has a 1-year low of $551.36 and a 1-year high of $771.05. The business has a 50-day moving average price of $727.71 and a two-hundred day moving average price of $675.91.

Graham (NYSE:GHC) last announced its quarterly earnings data on Friday, February 23rd. The company reported $10.94 earnings per share for the quarter. Graham had a net margin of 4.65% and a return on equity of 5.23%. The business had revenue of $1.17 billion for the quarter.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 18th will be issued a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, April 17th. Graham’s dividend payout ratio (DPR) is currently 15.83%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Graham from a “buy” rating to a “hold” rating in a research report on Tuesday.

Insider Transactions at Graham

In related news, Director Katharine Weymouth sold 556 shares of Graham stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $712.99, for a total transaction of $396,422.44. Following the transaction, the director now owns 1,993 shares of the company’s stock, valued at approximately $1,420,989.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.50% of the company’s stock.

About Graham

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.