First Trust Advisors LP Increases Stock Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Posted by Defense World Staff on Jun 3rd, 2023

First Trust Advisors LP lifted its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,598 shares of the company’s stock after buying an additional 7,401 shares during the period. First Trust Advisors LP owned about 0.09% of John Wiley & Sons worth $2,067,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WLY. First Horizon Advisors Inc. purchased a new position in shares of John Wiley & Sons during the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC bought a new position in John Wiley & Sons during the third quarter valued at about $30,000. Ronald Blue Trust Inc. grew its position in John Wiley & Sons by 63.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,234 shares of the company’s stock valued at $46,000 after buying an additional 477 shares during the period. Baldwin Brothers LLC MA raised its position in John Wiley & Sons by 1,650.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 1,750 shares of the company’s stock worth $70,000 after acquiring an additional 1,650 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in John Wiley & Sons in the third quarter valued at about $83,000. Hedge funds and other institutional investors own 72.99% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet lowered shares of John Wiley & Sons from a “b” rating to a “c” rating in a research note on Thursday, March 9th.

John Wiley & Sons Trading Up 3.6 %

WLY stock opened at $38.20 on Friday. The stock has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $41.06. John Wiley & Sons, Inc. has a twelve month low of $34.48 and a twelve month high of $54.36. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.92.

John Wiley & Sons (NYSE:WLY – Get Rating) last posted its earnings results on Thursday, March 9th. The company reported $0.85 earnings per share (EPS) for the quarter. John Wiley & Sons had a negative net margin of 0.39% and a positive return on equity of 18.09%. The business had revenue of $491.37 million for the quarter. As a group, sell-side analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 25th. Stockholders of record on Tuesday, April 11th were issued a $0.347 dividend. This represents a $1.39 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Monday, April 10th. John Wiley & Sons’s dividend payout ratio is -817.65%.

Insider Activity at John Wiley & Sons

In other news, EVP Matthew Leavy sold 4,500 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $37.28, for a total transaction of $167,760.00. Following the completion of the sale, the executive vice president now directly owns 5,184 shares in the company, valued at $193,259.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.62% of the stock is currently owned by company insiders.

John Wiley & Sons Company Profile

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John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research Publishing & Platforms, Academic & Professional Learning, and Education Services. The Research Publishing & Platforms segment provides scientific, technical, medical, and scholarly journals, as well as related content and services to academic, corporate, and government libraries, learned societies, and individual researchers and other professionals.

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Institutional Ownership by Quarter for John Wiley & Sons (NYSE:WLY)

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