Geode Capital Management LLC Has $68.98 Million Stock Position in Graham Holdings (NYSE:GHC)

Geode Capital Management LLC lowered its stake in shares of Graham Holdings (NYSE:GHC - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,089 shares of the company's stock after selling 1,689 shares during the period. Geode Capital Management LLC owned about 1.83% of Graham worth $68,975,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC boosted its position in Graham by 55.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Graham by 3.3% during the 4th quarter. Xponance Inc. now owns 469 shares of the company's stock valued at $409,000 after buying an additional 15 shares during the last quarter. KBC Group NV grew its stake in shares of Graham by 36.5% in the 4th quarter. KBC Group NV now owns 142 shares of the company's stock valued at $124,000 after buying an additional 38 shares in the last quarter. Principal Securities Inc. increased its holdings in Graham by 30.0% in the fourth quarter. Principal Securities Inc. now owns 182 shares of the company's stock worth $159,000 after buying an additional 42 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Graham by 44.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock valued at $126,000 after acquiring an additional 44 shares in the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Separately, StockNews.com raised shares of Graham from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 29th.

Graham Stock Down 0.9 %

Graham stock traded down $7.92 during mid-day trading on Wednesday, hitting $910.67. 19,374 shares of the company's stock were exchanged, compared to its average volume of 17,011. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $1,003.53. The stock has a 50 day moving average of $942.53 and a two-hundred day moving average of $903.56. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The stock has a market cap of $3.95 billion, a P/E ratio of 17.83 and a beta of 0.92.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, April 17th. Graham's payout ratio is 4.37%.

Graham Company 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.