Comerica Bank reduced its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY – Free Report) by 9.4% during the first quarter, according to the company’s most recent disclosure with the Securities & Exchange Commission. The fund owned 19,014 shares of the company after selling 1,984 shares during the same period. Comerica Bank’s holdings in John Wiley & Sons were worth $725,000, according to the most recent SEC filing.
A number of other major investors have also made changes to their positions in the stock. Schroder Investment Management Group increased its stake in shares of John Wiley & Sons by 27.5% in the fourth quarter. Schroder Investment Management Group now owns 1,402,002 shares of the company’s stock valued at $44,500,000 after acquiring an additional 302,491 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of John Wiley & Sons by 21.6% in the first quarter. William Blair Investment Management LLC now owns 1,060,573 shares of the company’s stock valued at $40,440,000 after acquiring an additional 188,211 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of John Wiley & Sons by 2.3% in the first quarter. Burgundy Asset Management Ltd. now owns 972,240 shares of the company’s stock valued at $37,072,000 after acquiring an additional 21,402 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of John Wiley & Sons by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 630,659 shares of the company’s stock valued at $20,017,000 after acquiring an additional 15,025 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of John Wiley & Sons by 16.2% in the first quarter. Raymond James & Associates now owns 419,923 shares of the company’s stock valued at $16,012,000 after acquiring an additional 58,510 shares in the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.
John Wiley & Sons shares fell 1.7%
Shares of NYSE:WLY opened at $44.50 on Tuesday. The stock’s 50-day moving average price is $42.93 and its 200-day moving average price is $38.75. The company has a liquidity ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.04. John Wiley & Sons, Inc. has a 12-month low of $28.83 and a 12-month high of $49.20. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -12.23 and a beta of 0.86.
John Wiley & Sons (NYSE:WLY – Get Free Report) last released its quarterly earnings results on Thursday, June 13. The company reported earnings per share (EPS) of $1.21 for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. John Wiley & Sons had a positive return on equity of 18.82% and a negative net margin of 10.69%. The company posted revenue of $468.46 million for the quarter, compared to analyst estimates of $438.70 million. During the same period last year, the company posted earnings per share of $1.45. The company’s quarterly revenue declined 11.0% year-over-year. On average, research analysts forecast that John Wiley & Sons, Inc. will report earnings per share of $3.42 for the current year.
John Wiley & Sons increases dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.3525. This represents a dividend of $1.41 annualized and a yield of 3.17%. This is a positive change from John Wiley & Sons’ previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, July 9th. John Wiley & Sons’ Dividend Payout Ratio (DPR) is currently -38.74%.
Company profile of John Wiley & Sons
(Free report)
John Wiley & Sons, Inc. is a global research and education company. The company operates in three segments: Research, Scholarship and Talent. The company provides scientific, technical, medical and academic journals and related content and services to scholarly societies, individual researchers, other professionals, and academic, corporate and government libraries.
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