Ensign Peak Advisors Inc bought a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,930 shares of the company’s stock, valued at approximately $899,000.
Several other large investors also recently modified their holdings of WLY. Wipfli Financial Advisors LLC acquired a new stake in shares of John Wiley & Sons during the third quarter valued at about $25,000. First Horizon Advisors Inc. acquired a new stake in shares of John Wiley & Sons during the third quarter valued at about $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of John Wiley & Sons during the third quarter valued at about $30,000. US Bancorp DE acquired a new stake in shares of John Wiley & Sons during the third quarter valued at about $32,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of John Wiley & Sons during the third quarter valued at about $34,000. 72.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, TheStreet downgraded John Wiley & Sons from a “b” rating to a “c” rating in a research note on Thursday.
John Wiley & Sons Price Performance
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 paid a $0.347 dividend. The ex-dividend date was Friday, December 23rd. This represents a $1.39 dividend on an annualized basis and a yield of 3.85%. John Wiley & Sons’s dividend payout ratio (DPR) is -817.65%.
Insider Buying and Selling
In other John Wiley & Sons news, EVP Aref Matin sold 11,450 shares of John Wiley & Sons stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $43.51, for a total value of $498,189.50. Following the completion of the transaction, the executive vice president now directly owns 8,166 shares in the company, valued at $355,302.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.
John Wiley & Sons Company Profile
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.
- Get a free copy of the StockNews.com research report on John Wiley & Sons (WLY)
- What the SVB Financial Collapse Means for U.S. Banks
- MarketBeat Week in Review – 3/6 – 3/10
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
Want to see what other hedge funds are holding WLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for John Wiley & Sons, Inc. (NYSE:WLY – Get Rating).
Receive News & Ratings for John Wiley & Sons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Wiley & Sons and related companies with MarketBeat.com's FREE daily email newsletter.