Hancock Holding Co. Maintains Position in Graham Holdings Company (GHC)
Hancock Holding Co. continued to hold its position in shares of Graham Holdings Company (NYSE:GHC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350 shares of the company’s stock at the close of the 2nd quarter. Hancock Holding Co.’s holdings in Graham Holdings were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Graham Holdings by 11,394.4% during the 1st quarter. BlackRock Inc. now owns 365,638 shares of the company’s stock worth $219,217,000 after purchasing an additional 362,457 shares during the last quarter. Arizona State Retirement System lifted its holdings in Graham Holdings by 5.3% during the 2nd quarter. Arizona State Retirement System now owns 2,000 shares of the company’s stock worth $1,199,000 after purchasing an additional 100 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Graham Holdings by 147.8% during the 2nd quarter. SG Americas Securities LLC now owns 2,515 shares of the company’s stock worth $1,508,000 after purchasing an additional 1,500 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Graham Holdings by 65.8% during the 1st quarter. Prudential Financial Inc. now owns 4,611 shares of the company’s stock worth $2,765,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Graham Holdings by 352.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 815 shares of the company’s stock worth $489,000 after purchasing an additional 635 shares during the last quarter. 69.06% of the stock is owned by institutional investors and hedge funds.
Shares of Graham Holdings Company (GHC) opened at 585.10 on Friday. The firm has a market capitalization of $3.27 billion, a PE ratio of 24.73 and a beta of 0.81. The company’s 50-day moving average price is $579.24 and its 200 day moving average price is $590.96. Graham Holdings Company has a 12-month low of $440.55 and a 12-month high of $615.85.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Tuesday, October 17th will be issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, October 16th. Graham Holdings’s dividend payout ratio (DPR) is 21.48%.
Several research firms recently weighed in on GHC. BidaskClub cut Graham Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet cut Graham Holdings from a “b-” rating to a “c+” rating in a report on Wednesday, August 2nd.
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Graham Holdings Company Profile
Graham Holdings Company, formerly The Washington Post Company, is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems, and online, print and local TV news. The Company owns Kaplan, a provider of educational services to individuals, schools and businesses, serving over one million students annually with operations in more than 30 countries.
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