331 Shares in Graham Holdings (NYSE:GHC) Bought by Palisade Asset Management LLC

Palisade Asset Management LLC bought a new position in Graham Holdings (NYSE:GHC) during the fourth quarter, Holdings Channel reports. The firm bought 331 shares of the company’s stock, valued at approximately $231,000.

Several other institutional investors also recently bought and sold shares of GHC. Signaturefd LLC boosted its holdings in Graham by 26.2% during the fourth quarter. Signaturefd LLC now owns 260 shares of the company’s stock worth $181,000 after buying an additional 54 shares in the last quarter. Janiczek Wealth Management LLC boosted its position in Graham by 10.9% during the fourth quarter. Janiczek Wealth Management LLC now owns 286 shares of the company’s stock worth $199,000 after purchasing an additional 28 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Graham during the 4th quarter worth approximately $233,000. Johnson Investment Counsel Inc. purchased a new stake in Graham in the 3rd quarter worth $248,000. Finally, Cerity Partners LLC acquired a new stake in shares of Graham in the fourth quarter valued at about $261,000. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Graham from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.

Graham Price Performance

GHC stock traded up $5.41 during mid-day trading on Tuesday, reaching $750.81. The company’s stock had a trading volume of 20,525 shares, compared to its average volume of 14,298. The company has a current ratio of 1.57, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $728.04 and its two-hundred day moving average is $689.12. The stock has a market cap of $3.35 billion, a PE ratio of 12.45 and a beta of 1.11. Graham Holdings has a fifty-two week low of $551.36 and a fifty-two week high of $771.05.

Graham (NYSE:GHC) last issued its earnings results on Wednesday, May 1st. The company reported $11.24 earnings per share (EPS) for the quarter. The company had revenue of $1.15 billion during the quarter. Graham had a return on equity of 5.39% and a net margin of 6.12%.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 18th will be given a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, April 17th. Graham’s payout ratio is presently 11.41%.

Insider Buying and Selling

In other news, Director Katharine Weymouth sold 556 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $712.99, for a total value of $396,422.44. Following the transaction, the director now directly owns 1,993 shares in the company, valued at approximately $1,420,989.07. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 32.30% of the stock is currently owned by company insiders.

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.