Allianz Asset Management GmbH Grows Stock Position in John Wiley & Sons, Inc. $WLY

Allianz Asset Management GmbH raised its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 35.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 218,708 shares of the company’s stock after buying an additional 57,027 shares during the period. Allianz Asset Management GmbH’s holdings in John Wiley & Sons were worth $9,761,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of John Wiley & Sons by 35.8% in the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the company’s stock valued at $70,000 after purchasing an additional 412 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of John Wiley & Sons by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 222,972 shares of the company’s stock valued at $9,936,000 after purchasing an additional 5,901 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of John Wiley & Sons in the 1st quarter valued at about $723,000. Teacher Retirement System of Texas increased its stake in shares of John Wiley & Sons by 29.7% in the 1st quarter. Teacher Retirement System of Texas now owns 11,112 shares of the company’s stock valued at $495,000 after purchasing an additional 2,546 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of John Wiley & Sons by 7.6% in the 1st quarter. American Century Companies Inc. now owns 102,777 shares of the company’s stock valued at $4,580,000 after purchasing an additional 7,238 shares in the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

NYSE:WLY opened at $37.65 on Wednesday. John Wiley & Sons, Inc. has a 12 month low of $35.94 and a 12 month high of $53.96. The stock has a 50 day moving average of $39.63 and a two-hundred day moving average of $40.82. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2.00 billion, a P/E ratio of 21.15 and a beta of 1.03.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $1.29 EPS for the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.The company had revenue of $533.00 million during the quarter. On average, analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Dividend Announcement

The business 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 $0.355 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.8%. John Wiley & Sons’s dividend payout ratio is 79.78%.

John Wiley & Sons announced that its board has initiated a share repurchase plan on Thursday, June 26th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

WLY has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of John Wiley & Sons in a research note on Tuesday, October 14th. Wall Street Zen lowered John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.