Northern Trust Corp Boosts Holdings in Graham Holdings Company (GHC)
Northern Trust Corp raised its position in shares of Graham Holdings Company (NYSE:GHC) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,724 shares of the company’s stock after acquiring an additional 3,449 shares during the quarter. Northern Trust Corp owned approximately 1.77% of Graham Holdings worth $49,005,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Graham Holdings by 24.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 168 shares of the company’s stock valued at $101,000 after acquiring an additional 33 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Graham Holdings during the 1st quarter valued at approximately $108,000. Teacher Retirement System of Texas bought a new stake in Graham Holdings during the 1st quarter valued at approximately $207,000. Martingale Asset Management L P bought a new stake in Graham Holdings during the 1st quarter valued at approximately $210,000. Finally, Oakbrook Investments LLC boosted its position in Graham Holdings by 1.7% during the 2nd quarter. Oakbrook Investments LLC now owns 356 shares of the company’s stock valued at $213,000 after acquiring an additional 6 shares in the last quarter. 69.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Graham Holdings Company (GHC) opened at 579.35 on Monday. The firm’s 50-day moving average price is $575.65 and its 200 day moving average price is $590.73. The company has a market capitalization of $3.24 billion, a PE ratio of 24.48 and a beta of 0.80. Graham Holdings Company has a 52-week low of $440.55 and a 52-week high of $615.85.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Tuesday, October 17th will be given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, October 16th. Graham Holdings’s dividend payout ratio (DPR) is presently 21.48%.
Several research firms have weighed in on GHC. BidaskClub raised Graham Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. TheStreet cut Graham Holdings from a “b-” rating to a “c+” rating in a research report on Wednesday, August 2nd.
Graham Holdings 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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