Empowered Funds LLC Acquires 7,642 Shares of Scholastic Co. (NASDAQ:SCHL)

Empowered Funds LLC increased its holdings in shares of Scholastic Co. (NASDAQ:SCHL) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,550 shares of the company’s stock after acquiring an additional 7,642 shares during the period. Empowered Funds LLC owned about 0.56% of Scholastic worth $3,361,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its position in Scholastic by 291.6% in the 3rd quarter. Barclays PLC now owns 41,228 shares of the company’s stock valued at $1,319,000 after buying an additional 30,699 shares during the last quarter. Pacer Advisors Inc. boosted its position in Scholastic by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 838,366 shares of the company’s stock valued at $17,882,000 after buying an additional 16,379 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Scholastic by 9.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,179 shares of the company’s stock valued at $16,075,000 after buying an additional 41,864 shares during the last quarter. FMR LLC boosted its position in 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 buying an additional 869 shares during the last quarter. Finally, Martingale Asset Management L P boosted its position in Scholastic by 128.1% in the 3rd quarter. Martingale Asset Management L P now owns 49,529 shares of the company’s stock valued at $1,585,000 after buying an additional 27,812 shares during the last quarter. 82.57% of the stock is currently owned by institutional investors.

Scholastic Stock Up 0.6 %

Shares of SCHL opened at $19.76 on Thursday. The firm has a market capitalization of $555.26 million, a price-to-earnings ratio of -109.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24. The business’s fifty day moving average price is $21.34 and its two-hundred day moving average price is $25.95. Scholastic Co. has a 52 week low of $17.72 and a 52 week high of $40.74.

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

Scholastic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, January 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, January 31st. Scholastic’s dividend payout ratio (DPR) is currently -444.42%.

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 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.