Advisors Asset Management Inc. Lowers Stake in John Wiley & Sons, Inc. $WLY

Key Points

• Advisors Asset Management Inc. reduced its stake in John Wiley & Sons by 76.0%, selling 72,404 shares during the first quarter and now holds 22,829 shares valued at approximately $1,017,000.
• John Wiley & Sons increased its quarterly dividend from $0.35 to $0.355 per share, resulting in an annualized dividend of $1.42 and a yield of 3.4%.
• The company reported $396.8 million in revenue for the quarter, exceeding analyst expectations, despite a 1.7% decline compared to the same quarter last year.

Advisors Asset Management Inc. lessened its holdings in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 76.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,829 shares of the company's stock after selling 72,404 shares during the period. Advisors Asset Management Inc.'s holdings in John Wiley & Sons were worth $1,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WLY. Nuveen LLC purchased a new stake in John Wiley & Sons in the 1st quarter worth approximately $10,755,000. Public Sector Pension Investment Board grew its holdings in John Wiley & Sons by 169.8% during the 1st quarter. Public Sector Pension Investment Board now owns 277,052 shares of the company's stock valued at $12,345,000 after buying an additional 174,367 shares in the last quarter. Brown Advisory Inc. grew its holdings in John Wiley & Sons by 15.4% during the 1st quarter. Brown Advisory Inc. now owns 1,184,954 shares of the company's stock valued at $52,802,000 after buying an additional 158,192 shares in the last quarter. GAMMA Investing LLC grew its holdings in John Wiley & Sons by 5,949.7% during the 1st quarter. GAMMA Investing LLC now owns 69,692 shares of the company's stock valued at $3,105,000 after buying an additional 68,540 shares in the last quarter. Finally, Consolidated Planning Corp grew its holdings in John Wiley & Sons by 565.3% during the 1st quarter. Consolidated Planning Corp now owns 67,021 shares of the company's stock valued at $2,986,000 after buying an additional 56,947 shares in the last quarter. 73.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of John Wiley & Sons from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 6th.

John Wiley & Sons Trading Down 2.1%

WLY traded down $0.87 during trading on Friday, reaching $41.28. The company had a trading volume of 613,549 shares, compared to its average volume of 344,236. The stock has a market cap of $2.20 billion, a P/E ratio of 23.19 and a beta of 1.02. The business has a 50 day simple moving average of $40.15 and a 200-day simple moving average of $41.65. John Wiley & Sons, Inc. has a 52 week low of $36.10 and a 52 week high of $53.96. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The company had revenue of $396.80 million during the quarter, compared to the consensus estimate of $375.00 million. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. John Wiley & Sons has set its FY 2026 guidance at 3.900-4.350 EPS. On average, equities analysts anticipate that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Tuesday, July 8th were given a $0.355 dividend. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, July 8th. John Wiley & Sons's dividend payout ratio is 79.78%.

John Wiley & Sons announced that its Board of Directors has initiated a share buyback plan on Thursday, June 26th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

John Wiley & Sons Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.