Graham Holdings (NYSE:GHC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in shares of Graham Holdings (NYSE:GHC) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 839 shares of the company’s stock after selling 58 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Graham were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Graham by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock valued at $284,990,000 after purchasing an additional 20,629 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Graham by 31.0% in the second 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 during the last quarter. American Century Companies Inc. grew its position in shares of Graham by 80.3% during the 2nd quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock valued at $14,067,000 after buying an additional 8,953 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Graham by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 18,091 shares of the company’s stock worth $13,888,000 after acquiring an additional 180 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Graham by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 13,579 shares of the company’s stock valued at $10,424,000 after acquiring an additional 206 shares in the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

Graham Stock Performance

Shares of GHC opened at $806.52 on Wednesday. Graham Holdings has a one year low of $563.39 and a one year high of $822.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.34. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 13.37 and a beta of 1.11. The company has a 50-day moving average of $767.88 and a two-hundred day moving average of $747.77.

Graham (NYSE:GHC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $12.70 EPS for the quarter. Graham had a net margin of 2.89% and a return on equity of 5.22%. The firm had revenue of $1.19 billion for the quarter.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th will be issued a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $6.88 annualized dividend and a yield of 0.85%. Graham’s dividend payout ratio (DPR) is currently 11.41%.

Analyst Ratings Changes

Separately, StockNews.com lowered Graham from a “buy” rating to a “hold” rating in a research note on Friday, October 4th.

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.