Graham Holdings Company $GHC Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Graham Holdings Company (NYSE:GHC) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,487 shares of the company’s stock after buying an additional 155 shares during the period. Envestnet Asset Management Inc.’s holdings in Graham were worth $2,353,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in Graham by 68.8% in the second quarter. UMB Bank n.a. now owns 27 shares of the company’s stock valued at $26,000 after purchasing an additional 11 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Graham by 55.0% during the 2nd quarter. GAMMA Investing LLC now owns 31 shares of the company’s stock valued at $29,000 after buying an additional 11 shares during the last quarter. US Bancorp DE boosted its stake in shares of Graham by 4.6% during the 1st quarter. US Bancorp DE now owns 389 shares of the company’s stock valued at $374,000 after buying an additional 17 shares during the last quarter. CWM LLC grew its position in shares of Graham by 100.0% during the first quarter. CWM LLC now owns 42 shares of the company’s stock worth $40,000 after buying an additional 21 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Graham by 7.8% in the first quarter. Federated Hermes Inc. now owns 319 shares of the company’s stock worth $307,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Analyst Upgrades and Downgrades

GHC has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of Graham in a research note on Thursday. Wall Street Zen raised shares of Graham from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Graham Price Performance

Shares of NYSE GHC opened at $1,038.35 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a market capitalization of $4.53 billion, a PE ratio of 6.21 and a beta of 0.86. Graham Holdings Company has a 1-year low of $840.50 and a 1-year high of $1,200.00. The business’s fifty day moving average price is $1,082.23 and its two-hundred day moving average price is $1,012.64.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $14.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.36 by $1.72. Graham had a return on equity of 6.34% and a net margin of 14.93%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.19 billion.

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 16th. Graham’s dividend payout ratio is presently 4.30%.

About Graham

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.