Commonwealth Equity Services LLC Increases Stock Holdings in Graham Holdings (NYSE:GHC)

Commonwealth Equity Services LLC lifted its stake in shares of Graham Holdings (NYSE:GHC) by 175.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,162 shares of the company’s stock after buying an additional 740 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Graham were worth $813,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Graham during the 2nd quarter valued at about $35,000. Whittier Trust Co. acquired a new stake in Graham during the 2nd quarter valued at approximately $70,000. Quest Partners LLC acquired a new stake in Graham during the 4th quarter valued at approximately $73,000. Principal Securities Inc. acquired a new stake in Graham during the 4th quarter valued at approximately $77,000. Finally, Gladius Capital Management LP grew its stake in Graham by 188.2% during the 2nd quarter. Gladius Capital Management LP now owns 245 shares of the company’s stock valued at $171,000 after purchasing an additional 160 shares in the last quarter. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Graham from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

Graham Price Performance

Shares of NYSE GHC opened at $789.45 on Thursday. Graham Holdings has a fifty-two week low of $563.39 and a fifty-two week high of $822.18. The business has a 50 day moving average price of $760.99 and a two-hundred day moving average price of $739.67. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.47 billion, a PE ratio of 13.09 and a beta of 1.11.

Graham (NYSE:GHC) last issued its earnings results on Wednesday, July 31st. The company reported $12.70 EPS for the quarter. The company had revenue of $1.19 billion during the quarter. Graham had a return on equity of 5.22% and a net margin of 2.89%.

Graham Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th will be given a $1.72 dividend. The ex-dividend date is Thursday, October 17th. This represents a $6.88 annualized dividend and a dividend yield of 0.87%. Graham’s payout ratio is 11.41%.

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.