Nisa Investment Advisors LLC Boosts Stock Holdings in Graham Holdings Company (NYSE:GHC)

Nisa Investment Advisors LLC raised its holdings in shares of Graham Holdings Company (NYSE:GHC) by 216.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 38 shares of the company’s stock after purchasing an additional 26 shares during the period. Nisa Investment Advisors LLC’s holdings in Graham were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. M&T Bank Corp purchased a new stake in Graham in the 1st quarter worth $222,000. Envestnet Asset Management Inc. boosted its stake in Graham by 2.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,332 shares of the company’s stock worth $2,241,000 after purchasing an additional 63 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Graham during the 1st quarter worth $48,000. Principal Financial Group Inc. boosted its stake in Graham by 1.9% during the 1st 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 last quarter. Finally, DAVENPORT & Co LLC boosted its stake in Graham by 3.4% during the 1st quarter. DAVENPORT & Co LLC now owns 600 shares of the company’s stock worth $577,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors 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 Stock Down 0.5%

GHC stock opened at $896.09 on Friday. The company’s 50 day moving average price is $944.81 and its 200 day moving average price is $934.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.62. Graham Holdings Company has a fifty-two week low of $691.41 and a fifty-two week high of $1,015.00. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 6.28 and a beta of 0.92.

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 company had revenue of $1.17 billion for the quarter, compared to analyst estimates 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 declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, July 17th. Graham’s dividend payout ratio (DPR) is presently 5.05%.

Graham 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.