Graham Holdings Company (NYSE:GHC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Graham Holdings Company (NYSE:GHC) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,735 shares of the company’s stock after selling 46 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Graham were worth $1,667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its holdings in shares of Graham by 3.4% during the first quarter. DAVENPORT & Co LLC now owns 600 shares of the company’s stock worth $577,000 after purchasing an additional 20 shares during the period. QRG Capital Management Inc. raised its position in shares of Graham by 15.9% in the first quarter. QRG Capital Management Inc. now owns 767 shares of the company’s stock valued at $737,000 after purchasing an additional 105 shares during the period. Principal Financial Group Inc. raised its position in shares of Graham by 1.9% in the first quarter. Principal Financial Group Inc. now owns 8,619 shares of the company’s stock valued at $8,282,000 after purchasing an additional 158 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Graham by 530.5% in the first quarter. Janney Montgomery Scott LLC now owns 3,575 shares of the company’s stock worth $3,435,000 after acquiring an additional 3,008 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Graham by 44.9% during the first quarter. SG Americas Securities LLC now owns 852 shares of the company’s stock worth $819,000 after buying an additional 264 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Down 0.5%

Shares of NYSE:GHC opened at $896.09 on Monday. The company’s fifty day moving average is $944.81 and its 200-day moving average is $934.64. The company 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 quick ratio of 1.41 and a current ratio of 1.62. Graham Holdings Company has a 52 week low of $691.41 and a 52 week high of $1,015.00.

Graham (NYSE:GHC) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, beating analysts’ consensus estimates of $11.29 by $0.35. The company 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 Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, July 17th. Graham’s payout ratio is presently 5.05%.

Analysts Set New Price Targets

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

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.