Bank of New York Mellon Corp Has $40.94 Million Holdings in Graham Holdings Company $GHC

Bank of New York Mellon Corp lifted its holdings in Graham Holdings Company (NYSE:GHC) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,265 shares of the company’s stock after purchasing an additional 626 shares during the period. Bank of New York Mellon Corp owned 0.99% of Graham worth $40,936,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake in shares of Graham by 68.8% in the second quarter. UMB Bank n.a. now owns 27 shares of the company’s stock valued at $26,000 after buying an additional 11 shares during the period. GAMMA Investing LLC raised its holdings in Graham by 55.0% in the 2nd quarter. GAMMA Investing LLC now owns 31 shares of the company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Graham by 216.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 38 shares of the company’s stock worth $37,000 after acquiring an additional 26 shares during the period. CWM LLC grew its holdings in shares of Graham by 100.0% during the 1st quarter. CWM LLC now owns 42 shares of the company’s stock worth $40,000 after purchasing an additional 21 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Graham during the first quarter valued at approximately $40,000. Institutional investors own 93.16% of the company’s stock.

Analysts Set New Price Targets

GHC has been the topic of several recent research reports. Wall Street Zen upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings downgraded Graham from a “buy (a-)” rating to a “buy (b)” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Graham Trading Up 0.3%

Shares of GHC opened at $1,080.90 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.27. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 6.46 and a beta of 0.86. The stock has a fifty day moving average price of $1,086.64 and a two-hundred day moving average price of $1,009.16. Graham Holdings Company has a 52-week low of $840.50 and a 52-week high of $1,200.00.

Graham (NYSE:GHC) last released its quarterly earnings results on Wednesday, October 29th. The company reported $14.08 EPS for the quarter, beating the consensus estimate of $12.36 by $1.72. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Graham had a net margin of 14.93% and a return on equity of 6.34%.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 16th. Graham’s dividend payout ratio is 4.30%.

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.