Graham Holdings (NYSE:GHC – Get Rating) declared a quarterly dividend on Friday, September 16th, Wall Street Journal reports. Investors of record on Tuesday, October 18th will be paid a dividend of 1.58 per share on Friday, November 4th. This represents a $6.32 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, October 17th.

Graham has raised its dividend payment by an average of 4.3% annually over the last three years and has raised its dividend every year for the last 7 years. Graham has a payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings.

Graham Trading Down 0.8 %

Graham stock traded down $4.30 during midday trading on Friday, reaching $553.29. 41,072 shares of the stock traded hands, compared to its average volume of 18,643. The company has a 50-day simple moving average of $577.70 and a two-hundred day simple moving average of $587.85. Graham has a 12-month low of $533.77 and a 12-month high of $675.00. The firm has a market cap of $2.70 billion, a PE ratio of 18.14 and a beta of 1.02. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.12.

Insider Activity at Graham

In other Graham news, Director Thomas Sinnickson Gayner purchased 100 shares of Graham stock in a transaction that occurred on Friday, September 16th. The stock was purchased at an average price of $556.15 per share, for a total transaction of $55,615.00. Following the transaction, the director now directly owns 5,500 shares in the company, valued at $3,058,825. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GHC. Raymond James & Associates increased its position in Graham by 2.8% during the 1st quarter. Raymond James & Associates now owns 1,011 shares of the company's stock worth $618,000 after purchasing an additional 28 shares in the last quarter. American Century Companies Inc. increased its position in Graham by 155.6% during the 1st quarter. American Century Companies Inc. now owns 1,421 shares of the company's stock worth $869,000 after purchasing an additional 865 shares in the last quarter. MetLife Investment Management LLC increased its position in Graham by 35.5% during the 1st quarter. MetLife Investment Management LLC now owns 4,499 shares of the company's stock worth $2,751,000 after purchasing an additional 1,179 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Graham by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,462 shares of the company's stock worth $894,000 after purchasing an additional 139 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Graham by 9.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,203 shares of the company's stock worth $1,380,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 63.26% of the company's stock.

Analysts Set New Price Targets

Separately, TheStreet cut shares of Graham from a "b" rating to a "c" rating in a report on Friday, August 5th.

About Graham

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Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global.

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