Ensign Peak Advisors Inc Acquires Shares of 23,930 John Wiley & Sons, Inc. (NYSE:WLY)

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

NYSE:WLY opened at $36.08 on Monday. John Wiley & Sons, Inc. has a one year low of $35.04 and a one year high of $56.34. The stock has a 50-day simple moving average of $44.37 and a 200 day simple moving average of $43.16. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.92.

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

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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.