Scholastic Co. (NASDAQ:SCHL) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its stake in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 26.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,922 shares of the company's stock after selling 43,402 shares during the quarter. Ameriprise Financial Inc. owned 0.43% of Scholastic worth $2,558,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Scholastic by 248.8% in the 4th quarter. JPMorgan Chase & Co. now owns 293,754 shares of the company's stock valued at $6,266,000 after buying an additional 209,524 shares during the period. Azarias Capital Management L.P. lifted its stake in Scholastic by 71.8% in the fourth quarter. Azarias Capital Management L.P. now owns 467,783 shares of the company's stock worth $9,978,000 after acquiring an additional 195,507 shares during the last quarter. Invesco Ltd. lifted its stake in Scholastic by 81.7% in the fourth quarter. Invesco Ltd. now owns 317,975 shares of the company's stock worth $6,782,000 after acquiring an additional 142,954 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Scholastic by 13.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock worth $12,120,000 after acquiring an additional 66,027 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Scholastic in the 4th quarter valued at approximately $1,295,000. Hedge funds and other institutional investors own 82.57% of the company's stock.

Scholastic Stock Down 0.2%

Shares of SCHL traded down $0.04 during midday trading on Friday, reaching $17.18. The stock had a trading volume of 400,445 shares, compared to its average volume of 283,146. The company has a market cap of $482.78 million, a price-to-earnings ratio of -95.44 and a beta of 1.06. The company's fifty day simple moving average is $17.67 and its two-hundred day simple moving average is $20.39. Scholastic Co. has a 1-year low of $15.77 and a 1-year high of $38.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.73. The firm had revenue of $335.40 million for the quarter, compared to analyst estimates of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. Equities research analysts expect that Scholastic Co. will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.66%. The ex-dividend date is Wednesday, April 30th. Scholastic's payout ratio is 133.33%.

Scholastic Profile

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.