Graham Holdings (NYSE:GHC) Holdings Cut by American International Group Inc.

American International Group Inc. decreased its stake in Graham Holdings (NYSE:GHC) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,587 shares of the company’s stock after selling 360 shares during the quarter. American International Group Inc. owned approximately 0.15% of Graham worth $4,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Graham in the 4th quarter worth approximately $73,000. Principal Securities Inc. acquired a new position in shares of Graham during the 4th quarter worth $77,000. Signaturefd LLC increased its stake in shares of Graham by 26.2% during the 4th quarter. Signaturefd LLC now owns 260 shares of the company’s stock worth $181,000 after purchasing an additional 54 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Graham by 10.9% during the 4th quarter. Janiczek Wealth Management LLC now owns 286 shares of the company’s stock worth $199,000 after purchasing an additional 28 shares during the last quarter. Finally, First United Bank & Trust acquired a new position in shares of Graham during the 4th quarter worth $224,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Graham Stock Performance

NYSE:GHC opened at $711.51 on Friday. Graham Holdings has a 1 year low of $551.36 and a 1 year high of $778.84. The firm’s fifty day simple moving average is $730.30 and its 200 day simple moving average is $717.93. The company has a current ratio of 1.57, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.16 billion, a PE ratio of 11.80 and a beta of 1.11.

Graham (NYSE:GHC) last posted its earnings results on Wednesday, May 1st. The company reported $11.24 earnings per share (EPS) for the quarter. Graham had a net margin of 6.12% and a return on equity of 5.39%. The business had revenue of $1.15 billion for the quarter.

Graham Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, July 18th will be paid a $1.72 dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $6.88 dividend on an annualized basis and a yield of 0.97%. Graham’s payout ratio is presently 11.41%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th.

Insider Activity at Graham

In related news, Director Anne M. Mulcahy purchased 135 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $745.07 per share, for a total transaction of $100,584.45. Following the transaction, the director now directly owns 662 shares of the company’s stock, valued at approximately $493,236.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 20.50% of the stock is currently owned by company insiders.

Graham Company 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.