KLP Kapitalforvaltning AS Purchases New Position in John Wiley & Sons, Inc. (NYSE:WLY)

KLP Kapitalforvaltning AS purchased a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,200 shares of the company’s stock, valued at approximately $361,000.

A number of other large investors have also added to or reduced their stakes in WLY. Blue Trust Inc. increased its holdings in shares of John Wiley & Sons by 114.6% in the 4th quarter. Blue Trust Inc. now owns 749 shares of the company’s stock worth $36,000 after buying an additional 400 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of John Wiley & Sons by 2,578.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock valued at $151,000 after acquiring an additional 3,300 shares during the last quarter. Smartleaf Asset Management LLC grew its position in John Wiley & Sons by 21.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the company’s stock worth $151,000 after acquiring an additional 603 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in John Wiley & Sons by 10.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company’s stock worth $161,000 after acquiring an additional 350 shares during the last quarter. Finally, Berry Wealth Group LP raised its position in John Wiley & Sons by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock valued at $218,000 after purchasing an additional 255 shares during the period. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

Shares of John Wiley & Sons stock opened at $42.01 on Friday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -46.16 and a beta of 0.86. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a 50 day moving average price of $42.21 and a 200-day moving average price of $45.76. John Wiley & Sons, Inc. has a one year low of $34.85 and a one year high of $53.96.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.39. The business had revenue of $404.63 million for the quarter, compared to analysts’ expectations of $401.10 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. Equities analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.3525 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.41 annualized dividend and a dividend yield of 3.36%. John Wiley & Sons’s dividend payout ratio (DPR) is presently 190.54%.

About John Wiley & Sons

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.