Graham Holdings (NYSE:GHC) Stock Position Reduced by Wallace Capital Management Inc.

Wallace Capital Management Inc. lowered its stake in Graham Holdings (NYSE:GHC) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,793 shares of the company’s stock after selling 1,518 shares during the quarter. Graham comprises approximately 15.1% of Wallace Capital Management Inc.’s holdings, making the stock its 3rd largest holding. Wallace Capital Management Inc.’s holdings in Graham were worth $118,079,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of GHC. Norges Bank purchased a new stake in Graham in the 4th quarter worth $18,160,000. Vanguard Group Inc. increased its holdings in shares of Graham by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock worth $284,990,000 after buying an additional 20,629 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Graham by 80.3% in the 2nd quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock worth $14,067,000 after buying an additional 8,953 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of Graham in the 1st quarter worth about $6,230,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Graham by 31.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock worth $21,219,000 after buying an additional 7,179 shares during the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Thursday.

Graham Stock Performance

Graham stock opened at $815.04 on Monday. The company’s 50-day moving average price is $767.19 and its 200-day moving average price is $743.64. Graham Holdings has a twelve month low of $563.39 and a twelve month high of $822.18. 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 company has a market cap of $3.59 billion, a PE ratio of 13.51 and a beta of 1.11.

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

Graham Dividend Announcement

The business 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 $1.72 dividend. The ex-dividend date is Thursday, October 17th. This represents a $6.88 annualized dividend and a yield of 0.84%. Graham’s dividend payout ratio (DPR) 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.