Scholastic Co. (NASDAQ:SCHL) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its holdings in Scholastic Co. (NASDAQ:SCHL - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 401,755 shares of the company's stock after purchasing an additional 43,501 shares during the quarter. Northern Trust Corp owned 1.43% of Scholastic worth $8,569,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its position in Scholastic by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 838,366 shares of the company's stock valued at $17,882,000 after buying an additional 16,379 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Scholastic by 248.8% in the 4th quarter. JPMorgan Chase & Co. now owns 293,754 shares of the company's stock worth $6,266,000 after acquiring an additional 209,524 shares during the period. Principal Financial Group Inc. lifted its position in shares of Scholastic by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 120,446 shares of the company's stock worth $2,569,000 after buying an additional 2,882 shares during the period. Charles Schwab Investment Management Inc. raised its position in Scholastic by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock valued at $12,120,000 after purchasing an additional 66,027 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Scholastic by 1.1% in the 4th quarter. Rhumbline Advisers now owns 81,637 shares of the company's stock valued at $1,741,000 after purchasing an additional 860 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company's stock.

Scholastic Trading Down 1.9%

Shares of Scholastic stock traded down $0.34 during trading on Friday, reaching $17.10. 210,894 shares of the company were exchanged, compared to its average volume of 281,729. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. Scholastic Co. has a twelve month low of $15.77 and a twelve month high of $38.77. The business has a 50-day moving average price of $17.89 and a 200-day moving average price of $20.66. The firm has a market capitalization of $480.53 million, a price-to-earnings ratio of -94.99 and a beta of 1.06.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.73. The company had revenue of $335.40 million during the quarter, compared to analysts' expectations of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. Sell-side analysts anticipate that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.68%. 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.