Sequoia Financial Advisors LLC Makes New $355,000 Investment in Graham Holdings Company $GHC

Sequoia Financial Advisors LLC purchased a new position in shares of Graham Holdings Company (NYSE:GHC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 375 shares of the company’s stock, valued at approximately $355,000.

Several other hedge funds have also made changes to their positions in GHC. Janney Montgomery Scott LLC increased its stake 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 purchasing an additional 3,008 shares during the last quarter. Spire Wealth Management grew its holdings in Graham by 333.3% in the 1st 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. TBH Global Asset Management LLC lifted its holdings in shares of Graham by 2.9% during the 1st quarter. TBH Global Asset Management LLC now owns 2,387 shares of the company’s stock worth $2,294,000 after acquiring an additional 68 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Graham by 3.4% during the 1st quarter. DAVENPORT & Co LLC now owns 600 shares of the company’s stock worth $577,000 after acquiring an additional 20 shares during the period. Finally, Principal Financial Group Inc. boosted 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 worth $8,282,000 after acquiring an additional 158 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Graham in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Graham Trading Up 4.9%

NYSE:GHC opened at $1,050.60 on Wednesday. The business’s 50-day moving average is $1,098.24 and its two-hundred day moving average is $993.40. The firm has a market capitalization of $4.58 billion, a PE ratio of 6.74 and a beta of 0.88. Graham Holdings Company has a 12 month low of $770.06 and a 12 month high of $1,200.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10.

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

Graham Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $1.80 per share. The ex-dividend date is Thursday, October 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.7%. 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.