JPMorgan Chase & Co. Has $15.20 Million Position in Graham Holdings Company (GHC)
JPMorgan Chase & Co. lessened its holdings in Graham Holdings Company (NYSE:GHC) by 30.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,350 shares of the company’s stock after selling 11,126 shares during the period. JPMorgan Chase & Co. owned about 0.55% of Graham Holdings worth $15,202,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Oakbrook Investments LLC raised its holdings in shares of Graham Holdings by 1.7% in the 2nd quarter. Oakbrook Investments LLC now owns 356 shares of the company’s stock worth $213,000 after acquiring an additional 6 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Graham Holdings by 0.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,104 shares of the company’s stock worth $662,000 after acquiring an additional 8 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Graham Holdings by 3.0% in the 1st quarter. Amalgamated Bank now owns 691 shares of the company’s stock worth $414,000 after acquiring an additional 20 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Graham Holdings by 7.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 370 shares of the company’s stock worth $222,000 after acquiring an additional 25 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of Graham Holdings by 0.8% in the 2nd quarter. Comerica Bank now owns 3,610 shares of the company’s stock worth $2,168,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 69.06% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. TheStreet lowered shares of Graham Holdings from a “b-” rating to a “c+” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Graham Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
Shares of Graham Holdings Company (GHC) opened at 567.55 on Friday. The firm has a 50-day moving average of $579.24 and a 200 day moving average of $590.96. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 23.99 and a beta of 0.81. Graham Holdings Company has a 1-year low of $440.55 and a 1-year high of $615.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Tuesday, October 17th will be paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Monday, October 16th. Graham Holdings’s payout ratio is currently 21.48%.
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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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