493 Shares in Graham Holdings Company $GHC Acquired by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. acquired a new position in shares of Graham Holdings Company (NYSE:GHC) during the third quarter, HoldingsChannel.com reports. The firm acquired 493 shares of the company’s stock, valued at approximately $559,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in Graham by 551.4% in the 1st quarter. Renaissance Technologies LLC now owns 9,400 shares of the company’s stock valued at $9,938,000 after buying an additional 7,957 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Graham by 8.9% during the 1st quarter. First Trust Advisors LP now owns 92,505 shares of the company’s stock worth $97,802,000 after acquiring an additional 7,582 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Graham by 43.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,804 shares of the company’s stock worth $16,765,000 after acquiring an additional 4,769 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Graham during the 1st quarter worth $1,554,000. Finally, Bank of America Corp DE boosted its position in shares of Graham by 11.0% during the 1st quarter. Bank of America Corp DE now owns 13,290 shares of the company’s stock valued at $14,051,000 after acquiring an additional 1,315 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Graham from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised shares of Graham from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Graham Price Performance

GHC stock opened at $1,197.32 on Wednesday. Graham Holdings Company has a 52-week low of $1,015.50 and a 52-week high of $1,262.34. The company has a quick ratio of 1.49, a current ratio of 1.76 and a debt-to-equity ratio of 0.15. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 18.10 and a beta of 0.73. The business has a fifty day moving average of $1,162.83 and a two-hundred day moving average of $1,137.36.

Graham (NYSE:GHC) last announced its quarterly earnings results on Thursday, October 29th. The company reported $18.77 EPS for the quarter, beating the consensus estimate of $18.36 by $0.41. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. Graham had a return on equity of 6.01% and a net margin of 9.66%.

Graham Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be given a dividend of $1.88 per share. The ex-dividend date is Thursday, October 15th. This represents a $7.52 dividend on an annualized basis and a dividend yield of 0.6%. Graham’s dividend payout ratio (DPR) is currently 6.61%.

About Graham

Graham Holdings Company is a diversified American holding company formerly known as The Washington Post Company. The company changed its name in 2013 after the sale of the newspaper publishing business to Jeff Bezos. Today, Graham Holdings operates a portfolio of businesses across education, media, healthcare, automotive, manufacturing and other industries.

Its largest business is Kaplan, a provider of educational services, professional training and test preparation. Graham Holdings also owns Graham Media Group, which operates local television stations in several U.S.