New York State Teachers Retirement System Buys 218 Shares of Graham Holdings (NYSE:GHC)

New York State Teachers Retirement System raised its holdings in Graham Holdings (NYSE:GHC) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,805 shares of the company’s stock after purchasing an additional 218 shares during the quarter. New York State Teachers Retirement System’s holdings in Graham were worth $4,190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of 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 during the last quarter. Franklin Resources Inc. raised its position in Graham by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 10,311 shares of the company’s stock worth $8,344,000 after purchasing an additional 819 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in Graham during the 4th quarter worth $437,000. Autumn Glory Partners LLC grew its holdings in Graham by 100.0% during the 3rd quarter. Autumn Glory Partners LLC now owns 4,342 shares of the company’s stock worth $3,568,000 after acquiring an additional 2,171 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Graham by 558.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company’s stock worth $65,000 after acquiring an additional 67 shares during the period. Institutional investors own 93.16% of the company’s stock.

Graham Price Performance

GHC stock opened at $952.56 on Friday. The company has a market capitalization of $4.12 billion, a P/E ratio of 18.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. Graham Holdings has a 52-week low of $683.00 and a 52-week high of $974.00. The business has a 50-day simple moving average of $906.17 and a two-hundred day simple moving average of $854.33.

Graham Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 3rd were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $7.20 annualized dividend and a dividend yield of 0.76%. This is a boost from Graham’s previous quarterly dividend of $1.72. Graham’s dividend payout ratio (DPR) is currently 14.10%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CAO Marcel A. Snyman sold 159 shares of Graham stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $881.30, for a total value of $140,126.70. Following the sale, the chief accounting officer now owns 442 shares of the company’s stock, valued at approximately $389,534.60. The trade was a 26.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 20.50% of the company’s stock.

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.