TrueMark Investments LLC purchased a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,451 shares of the company's stock, valued at approximately $868,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of John Wiley & Sons during the 1st quarter worth $29,000. Trust Co. of Toledo NA OH bought a new position in shares of John Wiley & Sons during the 2nd quarter worth $31,000. State of Wyoming grew its stake in shares of John Wiley & Sons by 23.6% during the 1st quarter. State of Wyoming now owns 1,298 shares of the company's stock worth $58,000 after acquiring an additional 248 shares during the period. Acadian Asset Management LLC bought a new position in shares of John Wiley & Sons during the 1st quarter worth $65,000. Finally, GAMMA Investing LLC grew its stake in shares of John Wiley & Sons by 35.8% during the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the company's stock worth $70,000 after acquiring an additional 412 shares during the period. Institutional investors own 73.94% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on WLY shares. Weiss Ratings restated a "hold (c)" rating on shares of John Wiley & Sons in a research note on Tuesday, October 14th. Wall Street Zen downgraded John Wiley & Sons from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".
Get Our Latest Analysis on John Wiley & Sons
John Wiley & Sons Stock Up 0.2%
Shares of NYSE WLY opened at $37.06 on Friday. The company has a market cap of $1.97 billion, a P/E ratio of 20.82 and a beta of 1.03. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The business has a 50-day simple moving average of $39.70 and a two-hundred day simple moving average of $40.90. John Wiley & Sons, Inc. has a 52 week low of $35.94 and a 52 week high of $53.96.
John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 28th. The company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $533.00 million during the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%. Research analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.
John Wiley & Sons Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 7th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, October 7th. John Wiley & Sons's dividend payout ratio (DPR) is 79.78%.
John Wiley & Sons announced that its Board of Directors has initiated a share buyback plan on Thursday, June 26th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management 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.
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