Thrivent Financial for Lutherans Has $691,000 Stake in Graham Holdings (NYSE:GHC)

Thrivent Financial for Lutherans lowered its holdings in Graham Holdings (NYSE:GHC) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 793 shares of the company’s stock after selling 14 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Graham were worth $691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GHC. Raymond James Financial Inc. bought a new position in shares of Graham in the fourth quarter valued at $26,773,000. JPMorgan Chase & Co. lifted its position in Graham by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company’s stock valued at $17,361,000 after acquiring an additional 1,941 shares in the last quarter. Barclays PLC boosted its stake in Graham by 32.4% during the 3rd quarter. Barclays PLC now owns 13,601 shares of the company’s stock valued at $11,176,000 after purchasing an additional 3,327 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Graham by 8.6% in the third quarter. Franklin Resources Inc. now owns 10,311 shares of the company’s stock worth $8,344,000 after purchasing an additional 819 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Graham by 4.8% in the fourth quarter. New York State Teachers Retirement System now owns 4,805 shares of the company’s stock valued at $4,190,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

Insider Activity

In related news, CAO Marcel A. Snyman sold 159 shares of Graham stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $881.30, for a total value of $140,126.70. Following the sale, the chief accounting officer now owns 442 shares of the company’s stock, valued at approximately $389,534.60. The trade was a 26.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 20.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Graham from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 29th.

Graham Stock Up 2.6 %

GHC opened at $1,000.79 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The firm has a market capitalization of $4.34 billion, a P/E ratio of 19.60 and a beta of 1.12. Graham Holdings has a fifty-two week low of $683.00 and a fifty-two week high of $1,003.53. The company’s 50-day moving average is $944.95 and its 200 day moving average is $895.52.

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be issued a dividend of $1.80 per share. The ex-dividend date is Thursday, April 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.72%. Graham’s dividend payout ratio (DPR) is currently 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.