Raymond James Financial Services Advisors Inc. Grows Holdings in Graham Holdings Co (GHC)
Raymond James Financial Services Advisors Inc. increased its stake in Graham Holdings Co (NYSE:GHC) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,710 shares of the company’s stock after acquiring an additional 95 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Graham were worth $2,630,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Graham by 7.6% in the third quarter. Dimensional Fund Advisors LP now owns 237,855 shares of the company’s stock valued at $139,168,000 after acquiring an additional 16,870 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Graham by 189.8% in the third quarter. Wells Fargo & Company MN now owns 3,692 shares of the company’s stock valued at $2,160,000 after acquiring an additional 2,418 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Graham by 20.4% in the third quarter. Brown Advisory Inc. now owns 1,473 shares of the company’s stock valued at $862,000 after acquiring an additional 250 shares in the last quarter. Sei Investments Co. raised its stake in shares of Graham by 1.5% in the third quarter. Sei Investments Co. now owns 30,137 shares of the company’s stock valued at $17,634,000 after acquiring an additional 440 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Graham by 37.7% in the third quarter. Mackenzie Financial Corp now owns 2,009 shares of the company’s stock valued at $1,175,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.
Separately, TheStreet raised Graham from a “c” rating to a “b-” rating in a report on Tuesday.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Thursday, April 19th will be issued a $1.33 dividend. This represents a $5.32 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, April 18th. Graham’s dividend payout ratio (DPR) is presently 9.82%.
Graham declared that its board has approved a stock repurchase plan on Thursday, November 9th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Katharine Weymouth sold 1,500 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $565.54, for a total value of $848,310.00. Following the transaction, the director now owns 14 shares of the company’s stock, valued at $7,917.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 22.50% of the company’s stock.
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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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