New York State Teachers Retirement System Has $4.26 Million Stock Holdings in Graham Holdings Company (NYSE:GHC)

New York State Teachers Retirement System decreased its holdings in Graham Holdings Company (NYSE:GHC) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,428 shares of the company’s stock after selling 377 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Graham worth $4,255,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in GHC. Spire Wealth Management raised its stake in shares of Graham by 333.3% in the 1st quarter. Spire Wealth Management now owns 26 shares of the company’s stock valued at $25,000 after buying an additional 20 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Graham by 55.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 31 shares of the company’s stock valued at $27,000 after buying an additional 11 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Graham by 44.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company’s stock valued at $126,000 after buying an additional 44 shares in the last quarter. GeoWealth Management LLC acquired a new position in shares of Graham in the 4th quarter valued at $197,000. Finally, Simon Quick Advisors LLC acquired a new position in shares of Graham in the 1st quarter valued at $205,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Analyst Upgrades and Downgrades

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%

Shares of Graham stock opened at $952.62 on Monday. The stock has a market capitalization of $4.15 billion, a P/E ratio of 6.68 and a beta of 0.92. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $951.01 and a 200 day simple moving average of $932.08. Graham Holdings Company has a 12-month low of $683.00 and a 12-month high of $1,015.00.

Graham (NYSE:GHC) last announced its earnings results on Wednesday, April 30th. The company reported $11.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 12.99% and a return on equity of 6.80%.

Graham Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, July 17th. Graham’s dividend payout ratio (DPR) is currently 5.05%.

Graham Company Profile

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.