John Wiley & Sons, Inc. (NYSE:WLY) Shares Purchased by Consolidated Planning Corp

Consolidated Planning Corp raised its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 565.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,021 shares of the company's stock after acquiring an additional 56,947 shares during the quarter. Consolidated Planning Corp owned approximately 0.12% of John Wiley & Sons worth $2,986,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in WLY. Brown Advisory Inc. purchased a new position in John Wiley & Sons in the fourth quarter valued at approximately $44,880,000. Raymond James Financial Inc. acquired a new position in shares of John Wiley & Sons in the 4th quarter valued at $34,916,000. Alta Fox Capital Management LLC boosted its holdings in shares of John Wiley & Sons by 171.8% in the 4th quarter. Alta Fox Capital Management LLC now owns 347,047 shares of the company's stock valued at $15,169,000 after buying an additional 219,349 shares in the last quarter. River Global Investors LLP purchased a new position in shares of John Wiley & Sons in the 4th quarter valued at $7,174,000. Finally, Victory Capital Management Inc. raised its stake in John Wiley & Sons by 261.9% during the 4th quarter. Victory Capital Management Inc. now owns 129,423 shares of the company's stock worth $5,657,000 after acquiring an additional 93,661 shares in the last quarter. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Stock Performance

Shares of John Wiley & Sons stock traded up $1.79 on Thursday, hitting $45.13. The stock had a trading volume of 767,780 shares, compared to its average volume of 393,319. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 29.50 and a beta of 0.88. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.05. John Wiley & Sons, Inc. has a 52-week low of $36.50 and a 52-week high of $53.96. The company's 50 day moving average price is $41.89 and its 200 day moving average price is $42.47.

John Wiley & Sons (NYSE:WLY - Get Free Report) last released its quarterly earnings results on Tuesday, June 17th. The company reported $1.37 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%. The firm's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. On average, research analysts anticipate that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Tuesday, July 8th will be given a $0.355 dividend. This is an increase from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a yield of 3.15%. John Wiley & Sons's dividend payout ratio is 92.16%.

John Wiley & Sons declared that its Board of Directors has initiated a stock buyback program on Thursday, June 26th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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

About John Wiley & Sons

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.