Advisors Asset Management Inc. Decreases Stake in Graham Holdings (NYSE:GHC)

Advisors Asset Management Inc. cut its holdings in shares of Graham Holdings (NYSE:GHC) by 43.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56 shares of the company’s stock after selling 43 shares during the period. Advisors Asset Management Inc.’s holdings in Graham were worth $46,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cetera Advisors LLC purchased a new stake in Graham during the 1st quarter valued at $5,256,000. Tidal Investments LLC purchased a new stake in Graham during the first quarter valued at $857,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Graham by 31.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock valued at $21,219,000 after acquiring an additional 7,179 shares during the period. Commonwealth Equity Services LLC boosted its position in Graham by 175.4% in the second quarter. Commonwealth Equity Services LLC now owns 1,162 shares of the company’s stock worth $813,000 after purchasing an additional 740 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in Graham in the second quarter worth about $35,000. 62.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

Graham Trading Down 0.6 %

Shares of Graham stock opened at $931.12 on Friday. Graham Holdings has a 1-year low of $621.20 and a 1-year high of $972.13. The company’s fifty day simple moving average is $854.43 and its 200-day simple moving average is $783.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The stock has a market capitalization of $4.03 billion, a PE ratio of 18.23 and a beta of 1.11.

Graham Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th were issued a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 0.74%. The ex-dividend date was Thursday, October 17th. Graham’s dividend payout ratio is presently 13.47%.

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.