Kiwi Wealth Investments Limited Partnership increased its stake in shares of Graham Holdings Co (NYSE:GHC) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,489 shares of the company’s stock after acquiring an additional 86 shares during the quarter. Kiwi Wealth Investments Limited Partnership owned approximately 0.07% of Graham worth $2,101,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of GHC. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Graham by 56.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 947 shares of the company’s stock valued at $570,000 after purchasing an additional 341 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Graham by 2.3% during the first quarter. Principal Financial Group Inc. now owns 21,603 shares of the company’s stock worth $13,011,000 after buying an additional 476 shares during the last quarter. Citadel Advisors LLC bought a new position in Graham during the first quarter worth about $330,000. Fiduciary Management Inc. WI boosted its position in Graham by 17.0% during the first quarter. Fiduciary Management Inc. WI now owns 222,565 shares of the company’s stock worth $134,040,000 after purchasing an additional 32,283 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Graham by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 280,850 shares of the company’s stock worth $169,141,000 after purchasing an additional 29,971 shares during the period. 68.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of GHC opened at $601.45 on Friday. The company has a market capitalization of $3.24 billion, a P/E ratio of 20.72 and a beta of 0.66. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.03. Graham Holdings Co has a 1-year low of $536.90 and a 1-year high of $625.45.
Graham (NYSE:GHC) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $9.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.58 by $3.46. Graham had a net margin of 12.14% and a return on equity of 5.97%. The business had revenue of $659.44 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 8th. Stockholders of record on Thursday, July 19th will be paid a $1.33 dividend. This represents a $5.32 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, July 18th.
In other news, Director Katharine Weymouth sold 1,500 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $602.22, for a total value of $903,330.00. Following the sale, the director now directly owns 12,721 shares of the company’s stock, valued at approximately $7,660,840.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 22.50% of the company’s stock.
Separately, TheStreet upgraded shares of Graham from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th.
Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides a range of certificate, diploma, and degree programs, as well as online education services; and test preparation business services in pre-college, graduate, health, and bar review, as well as publishes and sells test preparation and other books through retail channels.
Receive News & Ratings for Graham Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham and related companies with MarketBeat.com's FREE daily email newsletter.