The Manufacturers Life Insurance Company Has $3.17 Million Stake in Graham Holdings (NYSE:GHC)

The Manufacturers Life Insurance Company cut its holdings in Graham Holdings (NYSE:GHC) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,858 shares of the company’s stock after selling 85 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.09% of Graham worth $3,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its stake in Graham by 31.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock worth $21,219,000 after purchasing an additional 7,179 shares during the period. American Century Companies Inc. grew its position in shares of Graham by 80.3% during the 2nd quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock worth $14,067,000 after buying an additional 8,953 shares during the period. VELA Investment Management LLC increased its stake in shares of Graham by 13.7% in the 2nd quarter. VELA Investment Management LLC now owns 9,839 shares of the company’s stock valued at $6,883,000 after acquiring an additional 1,188 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Graham by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 7,578 shares of the company’s stock valued at $5,301,000 after acquiring an additional 508 shares during the period. Finally, Denali Advisors LLC grew its holdings in Graham by 25.8% in the second quarter. Denali Advisors LLC now owns 7,300 shares of the company’s stock worth $5,107,000 after purchasing an additional 1,498 shares during the period. 62.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Graham Stock Down 0.4 %

Shares of NYSE:GHC opened at $941.32 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. Graham Holdings has a 52-week low of $638.96 and a 52-week high of $972.13. The business’s 50 day simple moving average is $868.72 and its two-hundred day simple moving average is $789.60. The firm has a market cap of $4.08 billion, a P/E ratio of 18.43 and a beta of 1.13.

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th were paid a dividend of $1.72 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a yield of 0.73%. Graham’s dividend payout ratio (DPR) 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.