Parkway Wealth Management Group LLC Purchases 492 Shares of Graham Holdings Company $GHC

Parkway Wealth Management Group LLC purchased a new position in Graham Holdings Company (NYSE:GHC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 492 shares of the company’s stock, valued at approximately $558,000.

Several other institutional investors have also added to or reduced their stakes in the business. Eagle Strategies LLC lifted its stake in shares of Graham by 15.9% in the 3rd quarter. Eagle Strategies LLC now owns 3,681 shares of the company’s stock valued at $4,177,000 after acquiring an additional 504 shares during the last quarter. Baker Ellis Asset Management LLC grew its position in Graham by 5.5% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 958 shares of the company’s stock worth $1,087,000 after acquiring an additional 50 shares during the last quarter. GAMMA Investing LLC increased its stake in Graham by 36.4% in the 3rd quarter. GAMMA Investing LLC now owns 45 shares of the company’s stock worth $51,000 after purchasing an additional 12 shares during the period. QRG Capital Management Inc. increased its stake in Graham by 16.8% in the 2nd quarter. QRG Capital Management Inc. now owns 920 shares of the company’s stock worth $1,050,000 after purchasing an additional 132 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Graham by 17.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 500 shares of the company’s stock worth $571,000 after purchasing an additional 75 shares during the period. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Graham Stock Up 0.7%

NYSE GHC opened at $1,211.47 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.86 and a quick ratio of 1.59. The stock has a market capitalization of $5.12 billion, a PE ratio of 9.76 and a beta of 0.70. Graham Holdings Company has a 1 year low of $974.00 and a 1 year high of $1,262.34. The business’s 50-day moving average is $1,156.49 and its 200 day moving average is $1,147.01.

Graham (NYSE:GHC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $19.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.83 by $4.63. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. Graham had a return on equity of 5.73% and a net margin of 10.69%.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be given a $1.88 dividend. This represents a $7.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 15th. Graham’s dividend payout ratio (DPR) is currently 6.06%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GHC. Oppenheimer reissued an “outperform” rating on shares of Graham in a research note on Thursday, June 25th. Wall Street Zen upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Graham Company Profile

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.