US Bancorp DE Raises Position in Scholastic Co. (NASDAQ:SCHL)

US Bancorp DE grew its position in shares of Scholastic Co. (NASDAQ:SCHL) by 45.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 887 shares of the company’s stock after buying an additional 279 shares during the quarter. US Bancorp DE’s holdings in Scholastic were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Middle East FZE purchased a new position in shares of Scholastic in the fourth quarter worth $49,000. Captrust Financial Advisors raised its holdings in shares of Scholastic by 69.8% during the first quarter. Captrust Financial Advisors now owns 2,054 shares of the company’s stock valued at $83,000 after purchasing an additional 844 shares during the last quarter. Lazard Asset Management LLC bought a new position in Scholastic during the fourth quarter valued at approximately $129,000. Jane Street Group LLC purchased a new stake in Scholastic during the 2nd quarter valued at $205,000. Finally, Acrisure Capital Management LLC bought a new position in shares of Scholastic during the 4th quarter valued at $207,000. Institutional investors own 80.72% of the company’s stock.

Scholastic Price Performance

NASDAQ:SCHL opened at $42.93 on Monday. The business has a fifty day moving average price of $41.98 and a 200-day moving average price of $40.73. Scholastic Co. has a one year low of $28.22 and a one year high of $48.28. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 17.31 and a beta of 1.08.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, July 20th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.56. Scholastic had a return on equity of 7.35% and a net margin of 5.06%. The firm had revenue of $528.30 million for the quarter, compared to analysts’ expectations of $541.76 million. On average, equities research analysts expect that Scholastic Co. will post 2.65 earnings per share for the current fiscal year.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.86%. The ex-dividend date is Wednesday, August 30th. Scholastic’s dividend payout ratio is currently 32.26%.

Insiders Place Their Bets

In other news, Director John L. Davies sold 4,530 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $43.68, for a total value of $197,870.40. Following the completion of the transaction, the director now owns 3,930 shares of the company’s stock, valued at $171,662.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 18.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SCHL has been the subject of a number of research reports. StockNews.com started coverage on Scholastic in a research report on Thursday, August 17th. They set a “buy” rating for the company. TheStreet raised shares of Scholastic from a “c+” rating to a “b+” rating in a report on Monday, August 21st.

Scholastic Company 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.