Bank of New York Mellon Corp Sells 31,613 Shares of John Wiley & Sons, Inc. $WLY

Bank of New York Mellon Corp cut its position in John Wiley & Sons, Inc. (NYSE:WLY) by 3.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 796,191 shares of the company’s stock after selling 31,613 shares during the quarter. Bank of New York Mellon Corp’s holdings in John Wiley & Sons were worth $30,335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of John Wiley & Sons by 264.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 827 shares of the company’s stock valued at $25,000 after acquiring an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in John Wiley & Sons by 519.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $25,000 after purchasing an additional 473 shares during the period. Allworth Financial LP lifted its stake in shares of John Wiley & Sons by 1,595.7% in the third quarter. Allworth Financial LP now owns 780 shares of the company’s stock valued at $32,000 after buying an additional 734 shares in the last quarter. Empowered Funds LLC acquired a new position in John Wiley & Sons during the 4th quarter valued at about $37,000. Finally, Hantz Financial Services Inc. boosted its stake in John Wiley & Sons by 2,378.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,388 shares of the company’s stock valued at $43,000 after purchasing an additional 1,332 shares during the last quarter. 73.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WLY shares. Weiss Ratings raised John Wiley & Sons from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 7th. Zacks Research downgraded shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

John Wiley & Sons Stock Performance

NYSE WLY opened at $49.51 on Monday. The company has a market capitalization of $2.51 billion, a PE ratio of 11.70 and a beta of 0.78. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.54. John Wiley & Sons, Inc. has a 52-week low of $28.38 and a 52-week high of $53.24. The company has a 50-day simple moving average of $46.43 and a 200 day simple moving average of $39.04.

John Wiley & Sons (NYSE:WLY) last released its earnings results on Tuesday, June 16th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02. John Wiley & Sons had a net margin of 13.22% and a return on equity of 29.01%. The firm had revenue of $447.94 million for the quarter, compared to analysts’ expectations of $450.00 million. During the same period in the previous year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. On average, research analysts predict that John Wiley & Sons, Inc. will post 4.8 EPS for the current year.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th were given a dividend of $0.3575 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is currently 33.81%.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.

In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.