Log Out

John Wiley & Sons, Inc. (NYSE:WLY) EVP Sells $498,189.50 in Stock

kopsource · Jan 17, 2023 15:21

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 value of $498,189.50. Following the sale, the executive vice president now directly owns 8,166 shares in the company, valued at approximately $355,302.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

John Wiley & Sons Stock Performance

Shares of NYSE WLY traded up $0.20 during midday trading on Tuesday, reaching $44.29. The company had a trading volume of 3,404 shares, compared to its average volume of 192,934. The business's 50-day simple moving average is $43.32 and its 200 day simple moving average is $44.55. The stock has a market cap of $2.46 billion, a P/E ratio of 25.19 and a beta of 0.98. John Wiley & Sons, Inc. has a 1 year low of $36.57 and a 1 year high of $57.11. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.91.

Get John Wiley & Sons alerts:

John Wiley & Sons (NYSE:WLY – Get Rating) last posted its quarterly earnings results on Wednesday, December 7th. The company reported $1.20 earnings per share (EPS) for the quarter. The business had revenue of $514.84 million during the quarter. John Wiley & Sons had a net margin of 4.79% and a return on equity of 18.27%. On average, analysts forecast that John Wiley & Sons, Inc. will post 3.7 earnings per share for the current fiscal year.

John Wiley & Sons Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Tuesday, December 27th were issued a dividend of $0.347 per share. This represents a $1.39 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, December 23rd. John Wiley & Sons's dividend payout ratio (DPR) is presently 79.43%.

Analyst Ratings Changes

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

Institutional Trading of John Wiley & Sons

A number of hedge funds have recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC acquired a new position in John Wiley & Sons during the third quarter worth $25,000. First Horizon Advisors Inc. acquired a new position in John Wiley & Sons during the third quarter worth $26,000. Allspring Global Investments Holdings LLC acquired a new position in John Wiley & Sons during the third quarter worth $30,000. US Bancorp DE acquired a new position in John Wiley & Sons during the third quarter worth $32,000. Finally, Global Retirement Partners LLC acquired a new position in John Wiley & Sons during the third quarter worth $34,000. 72.99% of the stock is owned by hedge funds and other institutional investors.

About John Wiley & Sons

(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.