Bank of New York Mellon Corp Sells 411 Shares of Graham Holdings Company (NYSE:GHC)

Bank of New York Mellon Corp cut its stake in Graham Holdings Company (NYSE:GHC) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,639 shares of the company’s stock after selling 411 shares during the quarter. Bank of New York Mellon Corp owned about 0.98% of Graham worth $40,971,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Graham by 1.9% in the first quarter. Principal Financial Group Inc. now owns 8,619 shares of the company’s stock worth $8,282,000 after purchasing an additional 158 shares during the period. DAVENPORT & Co LLC increased its stake in shares of Graham by 3.4% during the first quarter. DAVENPORT & Co LLC now owns 600 shares of the company’s stock valued at $577,000 after buying an additional 20 shares during the period. TBH Global Asset Management LLC increased its stake in shares of Graham by 2.9% during the first quarter. TBH Global Asset Management LLC now owns 2,387 shares of the company’s stock valued at $2,294,000 after buying an additional 68 shares during the period. Spire Wealth Management increased its stake in shares of Graham by 333.3% during the first quarter. Spire Wealth Management now owns 26 shares of the company’s stock valued at $25,000 after buying an additional 20 shares during the period. Finally, Eagle Strategies LLC increased its stake in shares of Graham by 46.3% during the first quarter. Eagle Strategies LLC now owns 1,786 shares of the company’s stock valued at $1,716,000 after buying an additional 565 shares during the period. 93.16% of the stock is currently owned by institutional investors.

Graham Price Performance

Shares of GHC stock opened at $927.90 on Tuesday. Graham Holdings Company has a 1-year low of $691.41 and a 1-year high of $1,015.00. The stock’s 50-day moving average is $950.67 and its 200 day moving average is $933.56. The company has a market cap of $4.05 billion, a P/E ratio of 6.51 and a beta of 0.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.62 and a quick ratio of 1.41.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $11.64 earnings per share for the quarter, beating analysts’ consensus estimates of $11.29 by $0.35. Graham had a return on equity of 6.80% and a net margin of 12.99%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.20 billion.

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, July 17th. Graham’s dividend payout ratio is presently 5.05%.

Analysts Set New Price Targets

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

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.