Vanguard Group Inc. lifted its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY – Free Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,840,470 shares of the company’s stock after acquiring an additional 25,174 shares during the quarter. Vanguard Group Inc. owned approximately 9.21% of John Wiley & Sons worth $148,264,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lido Advisors LLC raised its holdings in shares of John Wiley & Sons by 5.7% during the third quarter. Lido Advisors LLC now owns 5,513 shares of the company’s stock valued at $223,000 after acquiring an additional 298 shares in the last quarter. Amalgamated Bank raised its holdings in shares of John Wiley & Sons by 3.5% during the third quarter. Amalgamated Bank now owns 12,008 shares of the company’s stock valued at $486,000 after acquiring an additional 401 shares in the last quarter. Intech Investment Management LLC raised its holdings in John Wiley & Sons by 2.2% in the third quarter. Intech Investment Management LLC now owns 19,628 shares of the company’s stock worth $794,000 after purchasing an additional 422 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in John Wiley & Sons by 519.8% in the second quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $25,000 after purchasing an additional 473 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in John Wiley & Sons by 39.8% in the fourth quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock worth $52,000 after purchasing an additional 479 shares in the last quarter. Institutional investors own 73.94% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded John Wiley & Sons from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, John Wiley & Sons has an average rating of “Buy”.
John Wiley & Sons Price Performance
WLY opened at $40.44 on Tuesday. The stock has a fifty day simple moving average of $38.19 and a two-hundred day simple moving average of $34.58. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.06. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 14.09 and a beta of 0.79. John Wiley & Sons, Inc. has a 12-month low of $28.38 and a 12-month high of $45.64.
John Wiley & Sons (NYSE:WLY – Get Free Report) last posted its quarterly earnings data on Friday, March 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. The business had revenue of $410.04 million during the quarter, compared to the consensus estimate of $391.00 million. John Wiley & Sons had a return on equity of 28.38% and a net margin of 9.24%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. Research analysts predict that John Wiley & Sons, Inc. will post 4.2 earnings per share for the current fiscal year.
John Wiley & Sons Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, April 7th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, April 7th. John Wiley & Sons’s dividend payout ratio is currently 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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