Clarkston Capital Partners LLC trimmed its position in John Wiley & Sons, Inc. (NYSE:WLY – Free Report) by 64.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 942,556 shares of the company’s stock after selling 1,675,389 shares during the period. John Wiley & Sons comprises approximately 2.7% of Clarkston Capital Partners LLC’s holdings, making the stock its 11th largest holding. Clarkston Capital Partners LLC’s holdings in John Wiley & Sons were worth $35,911,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of WLY. Sei Investments Co. lifted its stake in John Wiley & Sons by 66.0% in the 1st quarter. Sei Investments Co. now owns 94,647 shares of the company’s stock worth $3,606,000 after acquiring an additional 37,642 shares in the last quarter. Lido Advisors LLC grew its stake in John Wiley & Sons by 64.1% during the 1st quarter. Lido Advisors LLC now owns 9,483 shares of the company’s stock valued at $361,000 after acquiring an additional 3,704 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of John Wiley & Sons by 38.6% in the 1st quarter. First Trust Advisors LP now owns 103,974 shares of the company’s stock valued at $3,961,000 after purchasing an additional 28,931 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of John Wiley & Sons by 28.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,798 shares of the company’s stock worth $221,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of John Wiley & Sons by 127.5% in the first quarter. Meeder Asset Management Inc. now owns 10,221 shares of the company’s stock worth $389,000 after purchasing an additional 5,728 shares in the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.
John Wiley & Sons Stock Down 1.4%
John Wiley & Sons stock opened at $48.76 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. John Wiley & Sons, Inc. has a 1-year low of $28.38 and a 1-year high of $53.24. The firm’s fifty day simple moving average is $46.23 and its 200-day simple moving average is $38.91. The company has a market capitalization of $2.48 billion, a P/E ratio of 11.53 and a beta of 0.78.
John Wiley & Sons Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th were paid a dividend of $0.3575 per share. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 7th. This represents a $1.43 annualized dividend and a dividend yield of 2.9%. John Wiley & Sons’s dividend payout ratio is currently 33.81%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on WLY shares. Zacks Research downgraded shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings upgraded shares of John Wiley & Sons from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, John Wiley & Sons currently has an average rating of “Moderate Buy”.
Get Our Latest Research Report on WLY
About John Wiley & Sons
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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