Allianz Asset Management GmbH Has $444,000 Stock Position in Graham Holdings Company $GHC

Allianz Asset Management GmbH boosted its position in shares of Graham Holdings Company (NYSE:GHC) by 34.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 469 shares of the company’s stock after purchasing an additional 119 shares during the period. Allianz Asset Management GmbH’s holdings in Graham were worth $444,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System lifted its position in shares of Graham by 6.8% in the second quarter. New York State Teachers Retirement System now owns 4,728 shares of the company’s stock worth $4,473,000 after buying an additional 300 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Graham in the second quarter worth about $305,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Graham in the second quarter worth about $355,000. Vest Financial LLC lifted its position in shares of Graham by 160.7% in the second quarter. Vest Financial LLC now owns 2,203 shares of the company’s stock worth $2,084,000 after buying an additional 1,358 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Graham by 407.1% in the second quarter. CWM LLC now owns 213 shares of the company’s stock worth $202,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Graham from a “buy (a-)” rating to a “buy (b)” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Graham has an average rating of “Buy”.

Graham Trading Up 1.0%

Shares of GHC opened at $1,032.89 on Tuesday. Graham Holdings Company has a 12-month low of $770.80 and a 12-month high of $1,200.00. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 6.63 and a beta of 0.88. The stock’s 50-day moving average price is $1,095.10 and its 200 day moving average price is $997.38.

Graham (NYSE:GHC) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion.

Graham Dividend Announcement

The business 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 $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 16th. Graham’s dividend payout ratio is currently 4.62%.

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.