Wallace Capital Management Inc. Sells 1,279 Shares of Graham Holdings (NYSE:GHC)

Wallace Capital Management Inc. trimmed its holdings in Graham Holdings (NYSE:GHC - Free Report) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,514 shares of the company's stock after selling 1,279 shares during the quarter. Graham accounts for 18.6% of Wallace Capital Management Inc.'s portfolio, making the stock its 3rd largest holding. Wallace Capital Management Inc. owned approximately 3.87% of Graham worth $137,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Graham by 80.3% in the 2nd quarter. American Century Companies Inc. now owns 20,109 shares of the company's stock worth $14,067,000 after acquiring an additional 8,953 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Graham by 31.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company's stock valued at $21,219,000 after buying an additional 7,179 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Graham during the 2nd quarter worth about $3,568,000. Millennium Management LLC bought a new stake in Graham in the second quarter valued at about $2,743,000. Finally, FMR LLC raised its position in Graham by 358.3% in the third quarter. FMR LLC now owns 4,766 shares of the company's stock worth $3,916,000 after purchasing an additional 3,726 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Graham from a "hold" rating to a "buy" rating in a report on Monday, November 4th.

Graham Price Performance

Graham stock traded down $3.32 during mid-day trading on Friday, hitting $941.32. 10,055 shares of the company were exchanged, compared to its average volume of 14,978. The company has a market capitalization of $4.08 billion, a PE ratio of 18.50 and a beta of 1.13. The business has a fifty day moving average of $866.15 and a 200 day moving average of $788.06. Graham Holdings has a 1-year low of $638.96 and a 1-year high of $972.13. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th were given a $1.72 dividend. The ex-dividend date was Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a yield of 0.73%. Graham's dividend payout ratio (DPR) is presently 13.47%.

Graham 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.