Royal Bank of Canada reduced its stake in shares of Graham Holdings Company (NYSE:GHC) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,549 shares of the company’s stock after selling 78 shares during the period. Royal Bank of Canada’s holdings in Graham Holdings were worth $929,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Graham Holdings by 24.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 168 shares of the company’s stock worth $101,000 after acquiring an additional 33 shares during the period. Oakbrook Investments LLC lifted its holdings in shares of Graham Holdings by 1.7% during the 2nd quarter. Oakbrook Investments LLC now owns 356 shares of the company’s stock worth $213,000 after acquiring an additional 6 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Graham Holdings by 7.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 370 shares of the company’s stock worth $222,000 after acquiring an additional 25 shares during the period. LS Investment Advisors LLC lifted its holdings in shares of Graham Holdings by 21.1% during the 2nd quarter. LS Investment Advisors LLC now owns 373 shares of the company’s stock worth $224,000 after acquiring an additional 65 shares during the period. Finally, LMR Partners LLP purchased a new position in shares of Graham Holdings during the 2nd quarter worth about $294,000. Institutional investors and hedge funds own 69.28% of the company’s stock.
GHC has been the topic of several research reports. BidaskClub lowered shares of Graham Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet lowered shares of Graham Holdings from a “b-” rating to a “c+” rating in a report on Wednesday, August 2nd.
Graham Holdings Company (NYSE GHC) opened at $548.00 on Monday. Graham Holdings Company has a 1-year low of $440.55 and a 1-year high of $615.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.91. The company has a market cap of $3,064.42, a P/E ratio of 22.33 and a beta of 0.73.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Tuesday, October 17th will be issued a $1.27 dividend. The ex-dividend date is Monday, October 16th. This represents a $5.08 annualized dividend and a yield of 0.93%. Graham Holdings’s payout ratio is 22.88%.
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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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