Swiss National Bank Sells 800 Shares of Scholastic Co. (NASDAQ:SCHL)

Swiss National Bank cut its stake in Scholastic Co. (NASDAQ:SCHL) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,400 shares of the company’s stock after selling 800 shares during the period. Swiss National Bank owned 0.17% of Scholastic worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Scholastic by 58.8% in the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock worth $75,000 after purchasing an additional 869 shares during the last quarter. KBC Group NV lifted its stake in Scholastic by 125.4% in the fourth quarter. KBC Group NV now owns 2,443 shares of the company’s stock valued at $52,000 after buying an additional 1,359 shares in the last quarter. Paloma Partners Management Co bought a new stake in Scholastic in the 3rd quarter valued at $243,000. BNP Paribas Financial Markets grew its holdings in shares of Scholastic by 99.6% during the third quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company’s stock worth $311,000 after buying an additional 4,845 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Scholastic by 54.6% in the third quarter. Victory Capital Management Inc. now owns 11,049 shares of the company’s stock valued at $354,000 after purchasing an additional 3,900 shares during the last quarter. Institutional investors own 82.57% of the company’s stock.

Scholastic Trading Up 0.1 %

Scholastic stock opened at $18.67 on Friday. Scholastic Co. has a one year low of $17.72 and a one year high of $38.77. The company has a market cap of $524.65 million, a price-to-earnings ratio of -103.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The firm has a 50-day moving average of $19.98 and a 200-day moving average of $23.59.

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

Scholastic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.28%. Scholastic’s dividend payout ratio (DPR) is 133.33%.

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.