Graham Holdings (NYSE:GHC) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its position in Graham Holdings (NYSE:GHC) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 929 shares of the company’s stock after selling 55 shares during the quarter. Arizona State Retirement System’s holdings in Graham were worth $650,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Graham by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 55,621 shares of the company’s stock worth $38,741,000 after acquiring an additional 867 shares during the last quarter. Principal Securities Inc. acquired a new position in Graham in the fourth quarter valued at approximately $77,000. Vanguard Personalized Indexing Management LLC purchased a new position in Graham in the fourth quarter valued at approximately $529,000. Norges Bank acquired a new stake in Graham during the fourth quarter worth approximately $18,160,000. Finally, Quest Partners LLC purchased a new stake in shares of Graham during the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Analysts Set New Price Targets

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

Graham Stock Up 3.3 %

Graham stock opened at $772.45 on Monday. The company has a market capitalization of $3.40 billion, a P/E ratio of 12.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.61. Graham Holdings has a fifty-two week low of $563.39 and a fifty-two week high of $822.18. The stock has a 50-day simple moving average of $755.47 and a 200-day simple moving average of $738.14.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $12.70 earnings per share 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th will be given a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, October 17th. Graham’s payout ratio is currently 11.41%.

Graham 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.