JPMorgan Chase & Co. Has $2.70 Million Stock Position in Scholastic Co. (NASDAQ:SCHL)

JPMorgan Chase & Co. lessened its stake in Scholastic Co. (NASDAQ:SCHL) by 4.4% in the third quarter, Holdings Channel reports. The firm owned 84,230 shares of the company’s stock after selling 3,890 shares during the quarter. JPMorgan Chase & Co.’s holdings in Scholastic were worth $2,696,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC increased its stake in Scholastic by 3.1% in the third quarter. Natixis Advisors LLC now owns 16,403 shares of the company’s stock valued at $525,000 after acquiring an additional 489 shares during the last quarter. Creative Planning boosted its holdings in shares of Scholastic by 4.4% in the 3rd quarter. Creative Planning now owns 16,135 shares of the company’s stock valued at $516,000 after purchasing an additional 679 shares in the last quarter. FMR LLC increased its stake in shares of Scholastic by 58.8% in the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock valued at $75,000 after purchasing an additional 869 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Scholastic during the 3rd quarter worth $46,000. Finally, Public Sector Pension Investment Board lifted its position in shares of Scholastic by 4.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 56,028 shares of the company’s stock worth $1,987,000 after buying an additional 2,227 shares during the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Stock Performance

NASDAQ SCHL opened at $20.00 on Tuesday. The firm’s fifty day moving average price is $23.54 and its two-hundred day moving average price is $27.66. The stock has a market cap of $562.02 million, a PE ratio of -111.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24. Scholastic Co. has a fifty-two week low of $18.57 and a fifty-two week high of $40.74.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, December 19th. The company reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. On average, equities analysts expect that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, January 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.00%. The ex-dividend date is Friday, January 31st. Scholastic’s dividend payout ratio (DPR) is currently -444.44%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Scholastic from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th.

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 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.