Strs Ohio acquired a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,200 shares of the company's stock, valued at approximately $833,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James & Associates purchased a new stake in shares of John Wiley & Sons during the 3rd quarter worth $13,503,000. Willis Investment Counsel purchased a new stake in John Wiley & Sons in the third quarter valued at about $6,521,000. State of Alaska Department of Revenue purchased a new stake in John Wiley & Sons in the third quarter valued at about $2,072,000. Bonness Enterprises Inc. purchased a new stake in John Wiley & Sons in the third quarter valued at about $1,818,000. Finally, Uncommon Cents Investing LLC purchased a new stake in John Wiley & Sons in the third quarter valued at about $1,554,000. 72.99% of the stock is currently owned by hedge funds and other institutional investors.

John Wiley & Sons Trading Up 1.3 %

John Wiley & Sons stock opened at $44.09 on Monday. The stock has a 50-day moving average of $43.29 and a two-hundred day moving average of $44.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.76. John Wiley & Sons, Inc. has a one year low of $36.57 and a one year high of $57.11. The stock has a market cap of $2.45 billion, a PE ratio of 25.19 and a beta of 0.98.

John Wiley & Sons Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Stockholders of record on Tuesday, December 27th were issued a $0.347 dividend. This represents a $1.39 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, December 23rd. John Wiley & Sons's dividend payout ratio is presently 79.43%.

Analysts Set New Price Targets

Separately, TheStreet upgraded John Wiley & Sons from a "c" rating to a "b-" rating in a research note on Wednesday, December 7th.

John Wiley & Sons Profile

(Get Rating)

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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