Prudential Financial Inc. Has $6,384,000 Position in Graham Holdings Co. (GHC)
Prudential Financial Inc. boosted its position in shares of Graham Holdings Co. (NYSE:GHC) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,040 shares of the company’s stock after buying an additional 1,180 shares during the period. Prudential Financial Inc.’s holdings in Graham Holdings were worth $6,384,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Southpoint Capital Advisors LP purchased a new position in Graham Holdings during the first quarter worth $12,000,000. Jacobs Levy Equity Management Inc. boosted its position in Graham Holdings by 413.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 21,965 shares of the company’s stock worth $10,543,000 after buying an additional 17,688 shares during the period. Kazazian Asset Management LLC purchased a new position in Graham Holdings during the first quarter worth $135,000. Renaissance Technologies LLC boosted its position in Graham Holdings by 73.0% in the first quarter. Renaissance Technologies LLC now owns 55,000 shares of the company’s stock worth $26,400,000 after buying an additional 23,200 shares during the period. Finally, Bogle Investment Management L P DE purchased a new position in Graham Holdings during the first quarter worth $221,000. Institutional investors own 68.38% of the company’s stock.
Graham Holdings Co. (NYSE:GHC) opened at 482.16 on Tuesday. The company’s 50 day moving average is $497.99 and its 200-day moving average is $493.40. Graham Holdings Co. has a 1-year low of $425.14 and a 1-year high of $600.10.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Wednesday, October 19th will be paid a dividend of $1.21 per share. The ex-dividend date of this dividend is Monday, October 17th. This represents a $4.84 dividend on an annualized basis and a yield of 1.00%. Graham Holdings’s payout ratio is -34.13%.
Separately, TheStreet cut shares of Graham Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
Graham Holdings Company Profile
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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