John Wiley & Sons, Inc. (NYSE:WLY) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 39.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 61,858 shares of the company’s stock after purchasing an additional 17,630 shares during the quarter. D.A. Davidson & CO.’s holdings in John Wiley & Sons were worth $2,704,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of John Wiley & Sons by 114.6% in the 4th quarter. Blue Trust Inc. now owns 749 shares of the company’s stock worth $36,000 after buying an additional 400 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in John Wiley & Sons in the 3rd quarter valued at about $57,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in John Wiley & Sons in the 3rd quarter valued at about $161,000. Nisa Investment Advisors LLC lifted its position in John Wiley & Sons by 2,578.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock valued at $151,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Berry Wealth Group LP lifted its position in John Wiley & Sons by 5.4% in the 4th quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock valued at $218,000 after purchasing an additional 255 shares during the last quarter. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Stock Down 1.1 %

WLY stock opened at $39.46 on Friday. John Wiley & Sons, Inc. has a 52 week low of $32.80 and a 52 week high of $53.96. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -43.36 and a beta of 0.86. The firm’s 50-day moving average is $42.50 and its two-hundred day moving average is $46.30. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The company had revenue of $426.60 million for the quarter, compared to the consensus estimate of $420.00 million. John Wiley & Sons’s revenue for the quarter was down 13.4% compared to the same quarter last year. On average, analysts forecast that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were given a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.57%. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, December 26th. John Wiley & Sons’s payout ratio is -154.95%.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.