Scholastic Co. (NASDAQ:SCHL) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in Scholastic Co. (NASDAQ:SCHL - Free Report) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,097,022 shares of the company's stock after selling 305,258 shares during the quarter. Vanguard Group Inc. owned approximately 10.36% of Scholastic worth $118,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHL. Point72 Middle East FZE acquired a new position in Scholastic in the 4th quarter valued at $49,000. Tower Research Capital LLC TRC grew its position in shares of Scholastic by 57.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,300 shares of the company's stock valued at $51,000 after buying an additional 473 shares during the last quarter. Captrust Financial Advisors raised its holdings in Scholastic by 69.8% during the 1st quarter. Captrust Financial Advisors now owns 2,054 shares of the company's stock worth $83,000 after purchasing an additional 844 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Scholastic by 19.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,741 shares of the company's stock valued at $107,000 after buying an additional 444 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Scholastic by 81.5% in the 2nd quarter. Royal Bank of Canada now owns 2,994 shares of the company's stock valued at $116,000 after purchasing an additional 1,344 shares during the period. Institutional investors own 82.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SCHL shares. TheStreet upgraded shares of Scholastic from a "c+" rating to a "b" rating in a report on Thursday, December 14th. StockNews.com upgraded shares of Scholastic from a "hold" rating to a "buy" rating in a research report on Friday, March 22nd.

Scholastic Price Performance

NASDAQ SCHL traded down $0.04 during trading on Thursday, hitting $36.25. 171,140 shares of the company's stock traded hands, compared to its average volume of 276,184. The firm has a market cap of $1.04 billion, a P/E ratio of 25.00 and a beta of 1.05. Scholastic Co. has a 12-month low of $32.50 and a 12-month high of $45.98. The stock has a fifty day moving average of $38.30 and a two-hundred day moving average of $38.22.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its earnings results on Thursday, March 21st. The company reported ($0.80) EPS for the quarter, meeting analysts' consensus estimates of ($0.80). Scholastic had a return on equity of 5.57% and a net margin of 3.16%. The company had revenue of $323.70 million during the quarter, compared to analysts' expectations of $329.21 million. During the same quarter last year, the business posted ($0.57) EPS. As a group, analysts expect that Scholastic Co. will post 2.01 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, April 30th will be issued a $0.20 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.21%. Scholastic's dividend payout ratio is presently 55.17%.

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 books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.