Advisors Asset Management Inc. Has $7.98 Million Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Advisors Asset Management Inc. lifted its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 18.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 209,258 shares of the company’s stock after purchasing an additional 32,347 shares during the quarter. Advisors Asset Management Inc. owned 0.38% of John Wiley & Sons worth $7,979,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. acquired a new stake in John Wiley & Sons in the fourth quarter valued at about $29,000. GAMMA Investing LLC boosted its stake in John Wiley & Sons by 96.9% in the first quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock valued at $29,000 after buying an additional 371 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in John Wiley & Sons in the fourth quarter valued at about $48,000. Adirondack Trust Co. boosted its stake in John Wiley & Sons by 23.5% in the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock valued at $70,000 after buying an additional 400 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in John Wiley & Sons by 5,897.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock valued at $88,000 after buying an additional 2,713 shares in the last quarter. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Price Performance

NYSE:WLY traded up $0.72 during trading hours on Friday, hitting $47.40. The company’s stock had a trading volume of 246,028 shares, compared to its average volume of 357,232. The stock has a fifty day simple moving average of $40.89 and a 200-day simple moving average of $37.56. The company has a market capitalization of $2.58 billion, a P/E ratio of -13.02 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.52 and a quick ratio of 0.49. John Wiley & Sons, Inc. has a twelve month low of $28.83 and a twelve month high of $49.20.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, June 13th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.40. The business had revenue of $468.46 million for the quarter, compared to analyst estimates of $438.70 million. John Wiley & Sons had a positive return on equity of 18.82% and a negative net margin of 10.69%. John Wiley & Sons’s revenue was down 11.0% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. On average, analysts anticipate that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Tuesday, July 9th were paid a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.97%. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 9th. John Wiley & Sons’s dividend payout ratio (DPR) is presently -38.74%.

About John Wiley & Sons

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.