California State Teachers Retirement System reduced its stake in John Wiley & Sons, Inc. (NYSE:WLY – Free Report) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The company owned 42,797 shares of the company after selling 2,289 shares during the same period. According to its most recent filing with the Securities and Exchange Commission, California State Teachers Retirement System owned 0.08% of John Wiley & Sons worth $1,632,000.
A number of other institutional investors have also recently added to or reduced their holdings of WLY. Burgundy Asset Management Ltd. acquired a new stake in John Wiley & Sons in the 4th quarter valued at $30,180,000. Schroder Investment Management Group increased its position in John Wiley & Sons by 27.5% in the 4th quarter. Schroder Investment Management Group now owns 1,402,002 shares of the company’s stock valued at $44,500,000 after purchasing an additional 302,491 shares in the last quarter. Norges Bank acquired a new position in John Wiley & Sons in the 4th quarter valued at about $7,502,000. William Blair Investment Management LLC increased its position in John Wiley & Sons by 21.6% in the 1st quarter. William Blair Investment Management LLC now owns 1,060,573 shares of the company’s stock valued at $40,440,000 after purchasing an additional 188,211 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in John Wiley & Sons in the 1st quarter valued at about $7,052,000. 73.94% of the shares are held by hedge funds and other institutional investors.
Share price development of John Wiley & Sons
NYSE:WLY opened at $45.25 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.52 and a quick ratio of 0.49. The company has a 50-day moving average of $42.76 and a 200-day moving average of $38.61. The stock has a market cap of $2.46 billion, a P/E ratio of -12.43 and a beta of 0.86. John Wiley & Sons, Inc. has a 1-year low of $28.83 and a 1-year high of $49.20.
John Wiley & Sons (NYSE:WLY – Get Free Report) last released its quarterly earnings results on Thursday, June 13. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. The company had revenue of $468.46 million for the quarter, compared to analyst expectations of $438.70 million. John Wiley & Sons had a negative net margin of 10.69% and a positive return on equity of 18.82%. The company’s revenue for the quarter decreased 11.0% year-over-year. During the same period last year, the company reported earnings per share of $1.45. On average, research analysts expect that John Wiley & Sons, Inc. will report earnings per share of $3.42 for the current fiscal 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 is an increase from John Wiley & Sons’ previous quarterly dividend of $0.35. This represents an annualized dividend of $1.41 and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, July 9th. John Wiley & Sons’ dividend payout ratio is currently -38.74%.
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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