Vanguard Group Inc. lessened its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY – Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,815,296 shares of the company’s stock after selling 87,607 shares during the quarter. Vanguard Group Inc. owned approximately 9.05% of John Wiley & Sons worth $194,875,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. State Street Corp grew its position in John Wiley & Sons by 2.1% during the second quarter. State Street Corp now owns 1,714,430 shares of the company’s stock valued at $76,515,000 after purchasing an additional 34,782 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of John Wiley & Sons by 3.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,228,848 shares of the company’s stock valued at $54,843,000 after buying an additional 43,894 shares during the period. Geode Capital Management LLC boosted its stake in shares of John Wiley & Sons by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 950,331 shares of the company’s stock valued at $42,419,000 after buying an additional 14,401 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of John Wiley & Sons by 13.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 650,021 shares of the company’s stock valued at $26,306,000 after acquiring an additional 78,595 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of John Wiley & Sons by 192.5% during the 2nd quarter. Invesco Ltd. now owns 594,815 shares of the company’s stock valued at $26,547,000 after acquiring an additional 391,428 shares in the last quarter. 73.94% of the stock is owned by hedge funds and other institutional investors.
John Wiley & Sons Stock Up 1.4%
Shares of WLY stock opened at $31.00 on Monday. The stock’s 50 day simple moving average is $30.49 and its 200 day simple moving average is $35.02. John Wiley & Sons, Inc. has a twelve month low of $28.38 and a twelve month high of $47.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.67 and a current ratio of 0.71. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.49 and a beta of 0.96.
John Wiley & Sons Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.42 dividend on an annualized basis and a yield of 4.6%. John Wiley & Sons’s payout ratio is currently 75.53%.
Wall Street Analyst Weigh In
WLY has been the subject of a number of research reports. Zacks Research raised John Wiley & Sons to a “hold” rating in a research report on Tuesday, December 16th. Wall Street Zen raised John Wiley & Sons from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of John Wiley & Sons in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Get Our Latest Stock Report on WLY
John Wiley & Sons Company 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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