JPMorgan Chase & Co. decreased its stake in Graham Holdings Co. (NYSE:GHC) by 38.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,537 shares of the company’s stock after selling 22,235 shares during the period. JPMorgan Chase & Co.’s holdings in Graham Holdings were worth $17,397,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Aperio Group LLC boosted its stake in Graham Holdings by 8.8% in the first quarter. Aperio Group LLC now owns 742 shares of the company’s stock worth $356,000 after buying an additional 60 shares during the period. Virginia Retirement System acquired a new stake in Graham Holdings during the first quarter worth approximately $528,000. Teachers Advisors Inc. boosted its stake in Graham Holdings by 2.7% in the first quarter. Teachers Advisors Inc. now owns 3,051 shares of the company’s stock worth $1,464,000 after buying an additional 79 shares during the period. Prudential Financial Inc. boosted its stake in Graham Holdings by 60.5% in the first quarter. Prudential Financial Inc. now owns 11,860 shares of the company’s stock worth $5,693,000 after buying an additional 4,470 shares during the period. Finally, BlackRock Inc. boosted its stake in Graham Holdings by 13.0% in the first quarter. BlackRock Inc. now owns 1,864 shares of the company’s stock worth $896,000 after buying an additional 214 shares during the period. 68.38% of the stock is currently owned by institutional investors.
Graham Holdings Co. (NYSE:GHC) traded down 1.62% during midday trading on Wednesday, reaching $479.15. The company had a trading volume of 20,637 shares. The firm’s 50 day moving average is $503.88 and its 200 day moving average is $493.02. Graham Holdings Co. has a 1-year low of $425.14 and a 1-year high of $607.88.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Wednesday, October 19th will be given a $1.21 dividend. The ex-dividend date of this dividend is Monday, October 17th. This represents a $4.84 dividend on an annualized basis and a yield of 0.99%. Graham Holdings’s dividend payout ratio (DPR) is presently -34.13%.
Separately, TheStreet cut Graham Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
Graham Holdings Company Profile
Graham Holdings Company, formerly The Washington Post Company, is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems, and online, print and local TV news. The Company owns Kaplan, a provider of educational services to individuals, schools and businesses, serving over one million students annually with operations in more than 30 countries.
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