Graham Holdings (NYSE:GHC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in shares of Graham Holdings (NYSE:GHC) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,757 shares of the company’s stock after selling 125 shares during the period. Bank of America Corp DE owned about 0.23% of Graham worth $8,507,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GHC. Smartleaf Asset Management LLC increased its stake in shares of Graham by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company’s stock worth $27,000 after buying an additional 11 shares during the last quarter. KBC Group NV boosted its holdings in shares of Graham by 36.5% during the fourth quarter. KBC Group NV now owns 142 shares of the company’s stock valued at $124,000 after acquiring an additional 38 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Graham by 44.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company’s stock worth $126,000 after purchasing an additional 44 shares during the period. Principal Securities Inc. lifted its holdings in Graham by 30.0% in the fourth quarter. Principal Securities Inc. now owns 182 shares of the company’s stock worth $159,000 after purchasing an additional 42 shares during the period. Finally, GeoWealth Management LLC bought a new stake in Graham in the fourth quarter worth about $197,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Graham from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 23rd.

Graham Trading Up 0.1%

NYSE:GHC opened at $922.42 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. Graham Holdings has a fifty-two week low of $683.00 and a fifty-two week high of $1,015.00. The stock’s 50-day moving average is $938.98 and its two-hundred day moving average is $927.71. The stock has a market cap of $4.02 billion, a PE ratio of 18.06 and a beta of 0.91.

Graham (NYSE:GHC) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, beating the consensus estimate of $11.29 by $0.35. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Graham had a return on equity of 5.79% and a net margin of 4.86%.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.78%. Graham’s payout ratio is currently 5.05%.

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.