Federated Hermes Inc. Sells 29 Shares of Graham Holdings (NYSE:GHC)

Federated Hermes Inc. decreased its position in Graham Holdings (NYSE:GHC) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 326 shares of the company’s stock after selling 29 shares during the quarter. Federated Hermes Inc.’s holdings in Graham were worth $228,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Graham by 22.3% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 1,834 shares of the company’s stock valued at $1,277,000 after purchasing an additional 334 shares during the period. BNP Paribas Financial Markets raised its position in shares of Graham by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 1,824 shares of the company’s stock valued at $1,400,000 after purchasing an additional 746 shares during the period. Cetera Advisors LLC bought a new position in shares of Graham in the first quarter valued at approximately $5,256,000. Vanguard Group Inc. raised its position in shares of Graham by 5.9% in the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock valued at $284,990,000 after purchasing an additional 20,629 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Graham in the first quarter valued at approximately $857,000. Institutional investors own 62.54% of the company’s stock.

Graham Trading Down 0.6 %

Shares of GHC stock opened at $796.87 on Wednesday. Graham Holdings has a 1 year low of $563.39 and a 1 year high of $822.18. The firm’s fifty day simple moving average is $765.18 and its 200 day simple moving average is $741.99. The firm has a market capitalization of $3.54 billion, a P/E ratio of 13.21 and a beta of 1.11. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18.

Graham (NYSE:GHC) last announced its earnings results on Wednesday, July 31st. The company reported $12.70 earnings per share (EPS) for the quarter. Graham had a net margin of 2.89% and a return on equity of 5.22%. The business had revenue of $1.19 billion for the quarter.

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th will be paid a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a yield of 0.86%. Graham’s dividend payout ratio is currently 11.41%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Graham from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

About Graham

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.