Scholastic Corp. (SCHL) Shares Sold by Diversified Trust Co
Diversified Trust Co decreased its stake in shares of Scholastic Corp. (NASDAQ:SCHL) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,764 shares of the company’s stock after selling 580 shares during the period. Diversified Trust Co’s holdings in Scholastic Corp. were worth $308,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of SCHL. BlackRock Fund Advisors raised its stake in Scholastic Corp. by 1.4% in the first quarter. BlackRock Fund Advisors now owns 1,695,766 shares of the company’s stock valued at $63,371,000 after buying an additional 23,335 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Scholastic Corp. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 669,603 shares of the company’s stock valued at $25,023,000 after buying an additional 10,785 shares during the last quarter. Lazard Asset Management LLC raised its stake in Scholastic Corp. by 23.7% in the first quarter. Lazard Asset Management LLC now owns 304,200 shares of the company’s stock valued at $11,367,000 after buying an additional 58,255 shares during the last quarter. Norges Bank acquired a new stake in Scholastic Corp. during the fourth quarter valued at about $8,228,000. Finally, HRS Investment Holdings LLC acquired a new stake in Scholastic Corp. during the first quarter valued at about $3,363,000. Institutional investors and hedge funds own 82.58% of the company’s stock.
Scholastic Corp. (NASDAQ:SCHL) traded up 0.29% during mid-day trading on Thursday, hitting $38.35. 139,094 shares of the stock were exchanged. The company’s 50-day moving average price is $39.75 and its 200 day moving average price is $38.67. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.82 and a beta of 0.59. Scholastic Corp. has a 52 week low of $30.34 and a 52 week high of $44.24.
Scholastic Corp. (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, September 22nd. The company reported ($1.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.17) by $0.02. The firm had revenue of $282.70 million for the quarter. Scholastic Corp. had a net margin of 2.85% and a return on equity of 5.45%. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.42) earnings per share. Equities research analysts expect that Scholastic Corp. will post $1.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Monday, October 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.56%. Scholastic Corp.’s dividend payout ratio is currently 42.86%.
Several analysts have issued reports on SCHL shares. Zacks Investment Research lowered shares of Scholastic Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th. TheStreet upgraded shares of Scholastic Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 21st.
In other Scholastic Corp. news, CEO Richard Robinson sold 18,158 shares of Scholastic Corp. stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $40.68, for a total value of $738,667.44. Following the sale, the chief executive officer now directly owns 4,390,978 shares in the company, valued at approximately $178,624,985.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alan J. Boyko sold 12,720 shares of Scholastic Corp. stock in a transaction on Monday, August 1st. The shares were sold at an average price of $41.25, for a total transaction of $524,700.00. Following the completion of the sale, the insider now owns 33,820 shares in the company, valued at $1,395,075. The disclosure for this sale can be found here. 24.16% of the stock is currently owned by company insiders.
Scholastic Corp. Company Profile
Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution, Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel.
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