Graham Holdings Co. (GHC) Shares Gap Up to $492.44
Graham Holdings Co. (NYSE:GHC) gapped up before the market opened on Monday . The stock had previously closed at $488.57, but opened at $492.44. Graham Holdings shares last traded at $501.31, with a volume of 14,934 shares trading hands.
Separately, TheStreet lowered shares of Graham Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
The company’s 50 day moving average is $495.85 and its 200-day moving average is $482.95.
Graham Holdings (NYSE:GHC) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $4.92 EPS for the quarter. The business earned $601.40 million during the quarter, compared to analysts’ expectations of $647.43 million. Equities research analysts forecast that Graham Holdings Co. will post $24.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Wednesday, July 20th will be given a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, July 18th.
Several large investors have made changes to their positions in GHC. Retirement Systems of Alabama increased its stake in shares of Graham Holdings by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 5,764 shares of the company’s stock worth $2,795,000 after buying an additional 73 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Graham Holdings by 3.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 3,105 shares of the company’s stock worth $1,506,000 after buying an additional 112 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Graham Holdings by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 6,696 shares of the company’s stock worth $3,247,000 after buying an additional 126 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Graham Holdings by 3.6% in the fourth quarter. Nationwide Fund Advisors now owns 20,268 shares of the company’s stock worth $9,829,000 after buying an additional 710 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Graham Holdings by 43.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 2,507 shares of the company’s stock worth $1,216,000 after buying an additional 758 shares in the last quarter.
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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