Los Angeles Capital Management LLC Acquires 5,502 Shares of John Wiley & Sons, Inc. $WLY

Los Angeles Capital Management LLC increased its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 25.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,213 shares of the company’s stock after buying an additional 5,502 shares during the period. Los Angeles Capital Management LLC owned 0.05% of John Wiley & Sons worth $1,215,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of John Wiley & Sons during the first quarter worth $29,000. Trust Co. of Toledo NA OH purchased a new position in shares of John Wiley & Sons in the second quarter valued at $31,000. Whittier Trust Co. bought a new stake in shares of John Wiley & Sons during the 2nd quarter valued at $33,000. State of Wyoming raised 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 valued at $58,000 after purchasing an additional 248 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in John Wiley & Sons during the 1st quarter worth about $65,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

John Wiley & Sons Price Performance

NYSE:WLY opened at $37.14 on Thursday. John Wiley & Sons, Inc. has a 52-week low of $35.94 and a 52-week high of $53.96. The stock has a fifty day moving average of $38.66 and a 200 day moving average of $40.24. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.61 and a current ratio of 0.65. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 20.87 and a beta of 1.03.

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

John Wiley & Sons announced that its board has authorized a stock buyback plan on Thursday, September 25th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 11.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

John Wiley & Sons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 7th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, October 7th. John Wiley & Sons’s payout ratio is currently 79.78%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of John Wiley & Sons in a report on Tuesday. Wall Street Zen downgraded shares of John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

John Wiley & Sons Profile

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.