Covestor Ltd Trims Position in Graham Holdings (NYSE:GHC)

Covestor Ltd decreased its position in shares of Graham Holdings (NYSE:GHC) by 9.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141 shares of the company’s stock after selling 14 shares during the quarter. Covestor Ltd’s holdings in Graham were worth $123,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Graham by 358.3% in the third quarter. FMR LLC now owns 4,766 shares of the company’s stock valued at $3,916,000 after acquiring an additional 3,726 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Graham by 37.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 899 shares of the company’s stock worth $739,000 after purchasing an additional 243 shares in the last quarter. XTX Topco Ltd bought a new position in Graham in the 3rd quarter worth approximately $583,000. MML Investors Services LLC bought a new stake in shares of Graham during the third quarter valued at approximately $203,000. Finally, Barclays PLC lifted its holdings in shares of Graham by 32.4% in the third quarter. Barclays PLC now owns 13,601 shares of the company’s stock worth $11,176,000 after buying an additional 3,327 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

Graham Trading Down 0.1 %

Shares of GHC stock opened at $906.69 on Friday. The stock’s 50-day moving average price is $943.42 and its 200-day moving average price is $902.10. Graham Holdings has a 12-month low of $683.00 and a 12-month high of $1,003.53. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 17.75 and a beta of 0.92. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 17th will be issued a dividend of $1.80 per share. The ex-dividend date is Thursday, April 17th. This represents a $7.20 annualized dividend and a dividend yield of 0.79%. Graham’s dividend payout ratio (DPR) is 4.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Graham from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 29th.

Graham Profile

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.