Arizona State Retirement System Sells 29 Shares of Graham Holdings Company (NYSE:GHC)

Arizona State Retirement System lowered its stake in Graham Holdings Company (NYSE:GHC) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 919 shares of the company’s stock after selling 29 shares during the quarter. Arizona State Retirement System’s holdings in Graham were worth $883,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management raised its stake in shares of Graham by 333.3% in the first quarter. Spire Wealth Management now owns 26 shares of the company’s stock worth $25,000 after buying an additional 20 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Graham by 216.7% during the first quarter. Nisa Investment Advisors LLC now owns 38 shares of the company’s stock worth $37,000 after purchasing an additional 26 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Graham during the first quarter worth about $48,000. Simon Quick Advisors LLC purchased a new stake in shares of Graham during the first quarter worth about $205,000. Finally, Stock Yards Bank & Trust Co. purchased a new stake in shares of Graham during the first quarter worth about $207,000. Institutional investors own 93.16% of the company’s stock.

Graham Stock Performance

NYSE GHC opened at $896.09 on Monday. The stock has a market capitalization of $3.91 billion, a PE ratio of 6.28 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. The business has a 50 day simple moving average of $944.81 and a two-hundred day simple moving average of $934.64. Graham Holdings Company has a 1-year low of $691.41 and a 1-year high of $1,015.00.

Graham (NYSE:GHC) last announced its earnings results on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, topping analysts’ consensus estimates of $11.29 by $0.35. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Graham had a return on equity of 6.80% and a net margin of 12.99%.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis 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 5.05%.

Wall Street Analyst Weigh In

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

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.