John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) EVP Aref Matin sold 11,450 shares of the firm's stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $43.51, for a total transaction of $498,189.50. Following the transaction, the executive vice president now owns 8,166 shares of the company's stock, valued at $355,302.66. The transaction was disclosed in a document filed with the SEC, which is available at this link.
John Wiley & Sons Price Performance
John Wiley & Sons stock opened at $44.05 on Wednesday. John Wiley & Sons, Inc. has a 12-month low of $36.57 and a 12-month high of $57.04. The stock has a market capitalization of $2.45 billion, a P/E ratio of 25.17 and a beta of 0.98. The firm's 50-day moving average is $43.36 and its two-hundred day moving average is $44.53. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.71.
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John Wiley & Sons (NYSE:WLY – Get Rating) last released its quarterly earnings results on Wednesday, December 7th. The company reported $1.20 earnings per share (EPS) for the quarter. John Wiley & Sons had a net margin of 4.79% and a return on equity of 18.27%. The company had revenue of $514.84 million for the quarter. Equities analysts predict that John Wiley & Sons, Inc. will post 3.7 earnings per share for the current year.
John Wiley & Sons Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Tuesday, December 27th were given a $0.347 dividend. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $1.39 annualized dividend and a dividend yield of 3.15%. John Wiley & Sons's dividend payout ratio is presently 79.43%.
Analyst Ratings Changes
Separately, TheStreet raised shares of John Wiley & Sons from a "c" rating to a "b-" rating in a research note on Wednesday, December 7th.
Institutional Investors Weigh In On John Wiley & Sons
Several hedge funds have recently modified their holdings of the stock. Ronald Blue Trust Inc. boosted its position in shares of John Wiley & Sons by 63.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,234 shares of the company's stock worth $46,000 after acquiring an additional 477 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of John Wiley & Sons in the third quarter worth approximately $25,000. First Horizon Advisors Inc. acquired a new stake in shares of John Wiley & Sons in the third quarter worth approximately $26,000. Global Retirement Partners LLC acquired a new stake in shares of John Wiley & Sons in the third quarter worth approximately $34,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of John Wiley & Sons in the third quarter worth approximately $30,000. 72.99% of the stock is owned by institutional investors and hedge funds.
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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