State Street Corp raised its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY – Free Report) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,688,156 shares of the company’s stock after buying an additional 113,631 shares during the quarter. State Street Corp owned about 3.11% of John Wiley & Sons worth $81,454,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of WLY. Raymond James & Associates raised its position in shares of John Wiley & Sons by 19.5% in the second quarter. Raymond James & Associates now owns 501,891 shares of the company’s stock valued at $20,427,000 after buying an additional 81,968 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of John Wiley & Sons by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $863,000 after purchasing an additional 300 shares during the period. Ceredex Value Advisors LLC boosted its holdings in shares of John Wiley & Sons by 3.0% during the second quarter. Ceredex Value Advisors LLC now owns 218,299 shares of the company’s stock worth $8,885,000 after purchasing an additional 6,400 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of John Wiley & Sons by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,302,764 shares of the company’s stock valued at $53,022,000 after purchasing an additional 24,215 shares during the period. Finally, Access Investment Management LLC increased its stake in John Wiley & Sons by 0.7% in the second quarter. Access Investment Management LLC now owns 66,755 shares of the company’s stock valued at $2,717,000 after purchasing an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.
Insider Buying and Selling
In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the transaction, the executive vice president now owns 8,978 shares in the company, valued at $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.62% of the company’s stock.
John Wiley & Sons Stock Down 0.1 %
John Wiley & Sons (NYSE:WLY – Get Free Report) last released its earnings results on Thursday, December 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $426.60 million during the quarter, compared to the consensus estimate of $420.00 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. John Wiley & Sons’s revenue was down 13.4% on a year-over-year basis. On average, research analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.
John Wiley & Sons Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.3525 per share. The ex-dividend date is Thursday, December 26th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is presently -154.95%.
John Wiley & Sons Profile
John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.
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