Graham Holdings (NYSE:GHC) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of Graham Holdings (NYSE:GHC) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,097 shares of the company’s stock after selling 77 shares during the quarter. Retirement Systems of Alabama’s holdings in Graham were worth $3,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GHC. JPMorgan Chase & Co. boosted its holdings in Graham by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company’s stock valued at $17,361,000 after purchasing an additional 1,941 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Graham by 8.6% in the third quarter. Franklin Resources Inc. now owns 10,311 shares of the company’s stock valued at $8,344,000 after purchasing an additional 819 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Graham in the fourth quarter valued at approximately $437,000. Autumn Glory Partners LLC boosted its holdings in Graham by 100.0% in the third quarter. Autumn Glory Partners LLC now owns 4,342 shares of the company’s stock valued at $3,568,000 after purchasing an additional 2,171 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Graham by 558.3% in the third quarter. Daiwa Securities Group Inc. now owns 79 shares of the company’s stock valued at $65,000 after purchasing an additional 67 shares in the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Graham

In other news, CAO Marcel A. Snyman sold 159 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $881.30, for a total transaction of $140,126.70. Following the completion of the sale, the chief accounting officer now owns 442 shares in the company, valued at $389,534.60. This represents a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.50% of the stock is owned by company insiders.

Graham Price Performance

Shares of NYSE GHC opened at $945.76 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. Graham Holdings has a twelve month low of $683.00 and a twelve month high of $974.00. The stock has a 50 day moving average of $904.60 and a two-hundred day moving average of $844.58. The stock has a market cap of $4.10 billion, a P/E ratio of 18.52 and a beta of 1.13.

Graham Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 3rd will be paid a $1.80 dividend. The ex-dividend date is Monday, February 3rd. This represents a $7.20 dividend on an annualized basis and a yield of 0.76%. This is a boost from Graham’s previous quarterly dividend of $1.72. Graham’s payout ratio is currently 14.10%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

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.