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Grandfield & Dodd LLC Sells 11,511 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

John Wiley & Sons logo with Consumer Staples background

Grandfield & Dodd LLC reduced its position in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 60.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,376 shares of the company's stock after selling 11,511 shares during the quarter. Grandfield & Dodd LLC's holdings in John Wiley & Sons were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amundi grew its position in shares of John Wiley & Sons by 191.0% during the 4th quarter. Amundi now owns 21,121 shares of the company's stock worth $904,000 after buying an additional 13,863 shares during the period. William Blair Investment Management LLC grew its position in shares of John Wiley & Sons by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,053,035 shares of the company's stock valued at $46,028,000 after purchasing an additional 25,667 shares during the period. Teacher Retirement System of Texas grew its position in shares of John Wiley & Sons by 86.0% in the 4th quarter. Teacher Retirement System of Texas now owns 8,566 shares of the company's stock valued at $374,000 after purchasing an additional 3,961 shares during the period. Magnetar Financial LLC acquired a new position in shares of John Wiley & Sons in the 4th quarter valued at approximately $707,000. Finally, American Century Companies Inc. grew its position in shares of John Wiley & Sons by 14.5% in the 4th quarter. American Century Companies Inc. now owns 95,539 shares of the company's stock valued at $4,176,000 after purchasing an additional 12,115 shares during the period. 73.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded John Wiley & Sons from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st.

View Our Latest Analysis on John Wiley & Sons

John Wiley & Sons Stock Performance

WLY traded down $0.62 during trading hours on Friday, reaching $39.26. The company's stock had a trading volume of 426,767 shares, compared to its average volume of 406,356. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.51 and a current ratio of 0.54. The company's 50-day moving average is $41.49 and its 200-day moving average is $42.18. John Wiley & Sons, Inc. has a 52 week low of $36.50 and a 52 week high of $53.96. The firm has a market cap of $2.10 billion, a PE ratio of 25.66 and a beta of 0.91.

John Wiley & Sons (NYSE:WLY - Get Free Report) last released its earnings results on Tuesday, June 17th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.10. The company had revenue of $442.58 million for the quarter, compared to analyst estimates of $435.00 million. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%. John Wiley & Sons's quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. On average, equities analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Tuesday, July 8th will be paid a $0.355 dividend. The ex-dividend date is Tuesday, July 8th. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a yield of 3.62%. John Wiley & Sons's dividend payout ratio (DPR) is 92.81%.

John Wiley & Sons announced that its board has authorized a stock repurchase plan on Thursday, June 26th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

John Wiley & Sons Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for John Wiley & Sons (NYSE:WLY)

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