Geode Capital Management LLC Purchases 1,348 Shares of Graham Holdings Company $GHC

Geode Capital Management LLC grew its position in Graham Holdings Company (NYSE:GHC) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,330 shares of the company’s stock after purchasing an additional 1,348 shares during the quarter. Geode Capital Management LLC owned approximately 1.91% of Graham worth $78,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in Graham by 2.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,332 shares of the company’s stock worth $2,241,000 after buying an additional 63 shares during the period. CWM LLC lifted its position in shares of Graham by 100.0% in the first quarter. CWM LLC now owns 42 shares of the company’s stock valued at $40,000 after acquiring an additional 21 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Graham by 77.0% in the first quarter. Victory Capital Management Inc. now owns 4,725 shares of the company’s stock valued at $4,540,000 after acquiring an additional 2,056 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Graham during the first quarter worth about $251,000. Finally, Assetmark Inc. raised its stake in Graham by 31.4% during the 1st quarter. Assetmark Inc. now owns 791 shares of the company’s stock valued at $760,000 after purchasing an additional 189 shares during the period. 93.16% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Up 2.9%

NYSE GHC opened at $1,080.87 on Friday. The stock has a 50 day moving average price of $1,074.82 and a 200-day moving average price of $1,015.41. Graham Holdings Company has a one year low of $840.50 and a one year high of $1,200.00. 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 capitalization of $4.71 billion, a P/E ratio of 6.46 and a beta of 0.86.

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

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were issued a $1.80 dividend. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.7%. Graham’s dividend payout ratio (DPR) is presently 4.30%.

Analyst Ratings Changes

Several research firms have weighed in on GHC. Wall Street Zen upgraded Graham from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “buy (b+)” rating on shares of Graham in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

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.