Foster & Motley Inc. acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLY – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,218 shares of the company’s stock, valued at approximately $641,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WLY. Sei Investments Co. lifted its position in shares of John Wiley & Sons by 66.0% during the 1st quarter. Sei Investments Co. now owns 94,647 shares of the company’s stock valued at $3,606,000 after acquiring an additional 37,642 shares during the period. First Trust Advisors LP lifted its position in John Wiley & Sons by 38.6% during the first quarter. First Trust Advisors LP now owns 103,974 shares of the company’s stock worth $3,961,000 after purchasing an additional 28,931 shares during the period. Quantinno Capital Management LP lifted its position in John Wiley & Sons by 297.8% during the first quarter. Quantinno Capital Management LP now owns 38,360 shares of the company’s stock worth $1,462,000 after purchasing an additional 28,716 shares during the period. Hillsdale Investment Management Inc. increased its holdings in John Wiley & Sons by 110.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 76,150 shares of the company’s stock valued at $2,901,000 after buying an additional 40,000 shares during the period. Finally, LSV Asset Management raised its position in shares of John Wiley & Sons by 28.3% in the 4th quarter. LSV Asset Management now owns 127,700 shares of the company’s stock valued at $3,911,000 after buying an additional 28,200 shares in the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.
John Wiley & Sons Price Performance
Shares of WLY opened at $51.91 on Thursday. The business has a 50-day moving average of $49.87 and a 200-day moving average of $41.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.54 and a quick ratio of 0.51. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 12.27 and a beta of 0.78. John Wiley & Sons, Inc. has a 1 year low of $28.38 and a 1 year high of $57.45.
John Wiley & Sons Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 7th were given a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a yield of 2.8%. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, July 7th. John Wiley & Sons’s payout ratio is currently 33.81%.
Analyst Upgrades and Downgrades
Several brokerages have commented on WLY. Weiss Ratings raised John Wiley & Sons from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 7th. Zacks Research downgraded John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis 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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