Vanguard Group Inc. Sells 600,434 Shares of Scholastic Corporation $SCHL

Key Points

• Vanguard Group Inc. reduced its stake in Scholastic Corporation by 22.8%, now owning approximately 7.25% of the company after selling over 600,000 shares during the first quarter.
• Scholastic's shares recently experienced a 1.3% decline, with the stock trading at $25.53 and a market capitalization of $639.53 million.
• Scholastic announced a quarterly dividend of $0.20 per share to be paid on September 15th, representing an annualized yield of 3.1%.

Vanguard Group Inc. reduced its stake in Scholastic Corporation (NASDAQ:SCHL - Free Report) by 22.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,037,685 shares of the company's stock after selling 600,434 shares during the period. Vanguard Group Inc. owned approximately 7.25% of Scholastic worth $38,471,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. US Bancorp DE boosted its holdings in shares of Scholastic by 6.2% in the first quarter. US Bancorp DE now owns 11,137 shares of the company's stock worth $210,000 after acquiring an additional 654 shares during the period. XTX Topco Ltd bought a new stake in Scholastic during the first quarter valued at $347,000. Allianz Asset Management GmbH boosted its stake in Scholastic by 21.6% during the first quarter. Allianz Asset Management GmbH now owns 254,340 shares of the company's stock valued at $4,802,000 after buying an additional 45,253 shares during the period. Victory Capital Management Inc. bought a new stake in Scholastic during the first quarter valued at $414,000. Finally, CWM LLC boosted its stake in Scholastic by 508.7% during the first quarter. CWM LLC now owns 4,194 shares of the company's stock valued at $79,000 after buying an additional 3,505 shares during the period. 82.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Scholastic from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd.

Scholastic Trading Down 1.9%

Shares of NASDAQ SCHL traded down $0.49 during midday trading on Friday, reaching $25.66. The company had a trading volume of 175,887 shares, compared to its average volume of 244,903. Scholastic Corporation has a one year low of $15.77 and a one year high of $34.18. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The firm's fifty day moving average price is $23.56 and its 200-day moving average price is $20.36. The stock has a market cap of $642.78 million, a PE ratio of -641.50 and a beta of 1.18.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. Scholastic had a positive return on equity of 1.39% and a negative net margin of 0.12%.The company had revenue of $508.30 million during the quarter, compared to analyst estimates of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Scholastic's dividend payout ratio is presently -2,000.00%.

About Scholastic

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.