ING Groep NV lifted its stake in Graham Holdings Co (NYSE:GHC) by 23.1% during the 4th quarter, Holdings Channel reports. The fund owned 698 shares of the company’s stock after purchasing an additional 131 shares during the quarter. ING Groep NV’s holdings in Graham were worth $390,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of GHC. Dimensional Fund Advisors LP lifted its holdings in shares of Graham by 7.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 237,855 shares of the company’s stock worth $139,168,000 after acquiring an additional 16,870 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Graham in the 4th quarter worth approximately $8,902,000. Ruane Cunniff & Goldfarb Inc. acquired a new position in shares of Graham in the 3rd quarter worth approximately $5,851,000. State Street Corp lifted its holdings in shares of Graham by 6.7% in the 2nd quarter. State Street Corp now owns 123,336 shares of the company’s stock worth $73,967,000 after acquiring an additional 7,756 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Graham by 119.0% in the 3rd quarter. First Trust Advisors LP now owns 9,638 shares of the company’s stock worth $5,639,000 after acquiring an additional 5,237 shares during the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.
Graham Holdings Co (NYSE:GHC) opened at $599.85 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. Graham Holdings Co has a fifty-two week low of $525.25 and a fifty-two week high of $615.85. The company has a market cap of $3,317.77, a P/E ratio of 24.44 and a beta of 0.76.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a $1.33 dividend. This is a positive change from Graham’s previous quarterly dividend of $1.27. This represents a $5.32 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, February 7th. Graham’s dividend payout ratio is currently 23.96%.
In other news, Director Katharine Weymouth sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $565.54, for a total value of $848,310.00. Following the transaction, the director now directly owns 14 shares in the company, valued at approximately $7,917.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.50% of the company’s stock.
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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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