Mercer Global Advisors Inc. ADV Increases Position in Graham Holdings (NYSE:GHC)

Mercer Global Advisors Inc. ADV grew its holdings in shares of Graham Holdings (NYSE:GHC) by 21.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 487 shares of the company’s stock after purchasing an additional 85 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Graham were worth $425,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp raised its stake in Graham by 12.6% during the fourth quarter. Northern Trust Corp now owns 44,473 shares of the company’s stock valued at $38,777,000 after buying an additional 4,988 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Graham in the 4th quarter worth about $26,773,000. JPMorgan Chase & Co. grew its position in Graham by 16.5% during the 4th quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company’s stock valued at $21,469,000 after purchasing an additional 3,495 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Graham by 84.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,837 shares of the company’s stock valued at $16,424,000 after purchasing an additional 8,615 shares in the last quarter. Finally, Barclays PLC raised its holdings in Graham by 12.2% in the fourth quarter. Barclays PLC now owns 15,262 shares of the company’s stock worth $13,307,000 after buying an additional 1,661 shares during the last quarter. 93.16% of the stock is owned by institutional investors.

Graham Stock Down 0.4%

GHC stock opened at $983.93 on Wednesday. The stock has a market capitalization of $4.29 billion, a P/E ratio of 19.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $1,015.00. The business has a fifty day moving average price of $934.41 and a 200-day moving average price of $921.56.

Graham (NYSE:GHC) last released its quarterly earnings data on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, topping the consensus estimate of $11.29 by $0.35. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. Graham had a return on equity of 5.79% and a net margin of 4.86%.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be issued a dividend of $1.80 per share. The ex-dividend date is Thursday, July 17th. This represents a $7.20 annualized dividend and a dividend yield of 0.73%. Graham’s payout ratio is 5.05%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Graham from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 23rd.

About Graham

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.