ProShare Advisors LLC boosted its holdings in John Wiley & Sons, Inc. (NYSE:WLY – Free Report) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 190,685 shares of the company’s stock after acquiring an additional 26,909 shares during the period. ProShare Advisors LLC’s holdings in John Wiley & Sons were worth $5,841,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in WLY. Royal Bank of Canada lifted its holdings in John Wiley & Sons by 13.5% in the first quarter. Royal Bank of Canada now owns 24,305 shares of the company’s stock valued at $1,083,000 after acquiring an additional 2,897 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in John Wiley & Sons by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,407 shares of the company’s stock valued at $1,043,000 after acquiring an additional 707 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in John Wiley & Sons by 6.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,433 shares of the company’s stock valued at $5,456,000 after acquiring an additional 6,928 shares during the last quarter. Jane Street Group LLC lifted its holdings in John Wiley & Sons by 14,320.0% in the first quarter. Jane Street Group LLC now owns 158,620 shares of the company’s stock valued at $7,068,000 after acquiring an additional 157,520 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in John Wiley & Sons in the first quarter valued at approximately $65,000. 73.94% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Zacks Research cut John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
John Wiley & Sons Stock Up 1.1%
Shares of NYSE WLY opened at $42.35 on Friday. The stock has a market cap of $2.17 billion, a P/E ratio of 14.76 and a beta of 0.80. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.06. John Wiley & Sons, Inc. has a 12-month low of $28.38 and a 12-month high of $45.64. The business’s fifty day simple moving average is $39.45 and its 200-day simple moving average is $34.83.
John Wiley & Sons (NYSE:WLY – Get Free Report) last posted its quarterly earnings results on Friday, March 6th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.86 by $0.11. John Wiley & Sons had a net margin of 9.24% and a return on equity of 28.38%. The company had revenue of $410.04 million during the quarter, compared to analysts’ expectations of $391.00 million. During the same quarter in the previous year, the business posted $0.84 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, equities analysts predict that John Wiley & Sons, Inc. will post 4.2 EPS for the current fiscal year.
John Wiley & Sons Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, April 7th were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, April 7th. John Wiley & Sons’s dividend payout ratio is 49.48%.
John Wiley & Sons Profile
John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.
In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.
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