PNC Financial Services Group Inc. cut its stake in shares of Graham Holdings Co. (NYSE:GHC) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 1,115 shares of the company’s stock after selling 4 shares during the period. PNC Financial Services Group Inc.’s holdings in Graham Holdings were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of Graham Holdings by 42.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 3,578 shares of the company’s stock valued at $1,752,000 after buying an additional 1,071 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Graham Holdings by 0.3% in the second quarter. Gamco Investors INC. ET AL now owns 19,032 shares of the company’s stock valued at $9,317,000 after buying an additional 48 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Graham Holdings during the second quarter valued at $519,000. California Public Employees Retirement System boosted its stake in shares of Graham Holdings by 2.6% in the second quarter. California Public Employees Retirement System now owns 12,030 shares of the company’s stock valued at $5,889,000 after buying an additional 300 shares during the period. Finally, Utah Retirement Systems boosted its stake in shares of Graham Holdings by 13.5% in the second quarter. Utah Retirement Systems now owns 839 shares of the company’s stock valued at $411,000 after buying an additional 100 shares during the period. 68.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Graham Holdings Co. (NYSE:GHC) traded down 3.09% during mid-day trading on Friday, reaching $492.50. 32,175 shares of the company traded hands. The firm’s 50 day moving average price is $504.47 and its 200-day moving average price is $493.19. Graham Holdings Co. has a 52-week low of $425.14 and a 52-week high of $607.88.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Wednesday, October 19th will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 0.95%. The ex-dividend date is Monday, October 17th. Graham Holdings’s dividend payout ratio (DPR) is -34.13%.

Separately, TheStreet cut shares of Graham Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.

About Graham Holdings

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.

5 Day Chart for NYSE:GHC

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