HB Wealth Management LLC Makes New Investment in Graham Holdings Company (NYSE:GHC)

HB Wealth Management LLC acquired a new position in shares of Graham Holdings Company (NYSE:GHC) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 243 shares of the company’s stock, valued at approximately $234,000.

Other large investors also recently bought and sold shares of the company. DAVENPORT & Co LLC grew its position in shares of Graham by 3.4% in the first quarter. DAVENPORT & Co LLC now owns 600 shares of the company’s stock valued at $577,000 after purchasing an additional 20 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in 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 acquiring an additional 105 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in 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 acquiring an additional 158 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Graham by 530.5% in the first quarter. Janney Montgomery Scott LLC now owns 3,575 shares of the company’s stock valued at $3,435,000 after acquiring an additional 3,008 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Graham by 44.9% in the first quarter. SG Americas Securities LLC now owns 852 shares of the company’s stock valued at $819,000 after acquiring an additional 264 shares during the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

Graham Trading Down 3.5%

GHC opened at $921.01 on Friday. Graham Holdings Company has a one year low of $691.41 and a one year high of $1,015.00. The stock has a market capitalization of $4.02 billion, a PE ratio of 5.91 and a beta of 0.88. The business’s 50 day moving average price is $937.21 and its 200 day moving average price is $937.17. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 1.27.

Graham (NYSE:GHC) last released its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 EPS for the quarter, topping the consensus estimate of $10.15 by $4.18. Graham had a return on equity of 6.79% and a net margin of 14.10%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion.

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 given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, July 17th. Graham’s dividend payout ratio (DPR) is currently 4.62%.

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.