Texas Permanent School Fund Corp Sells 790 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Texas Permanent School Fund Corp reduced its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,600 shares of the company’s stock after selling 790 shares during the period. Texas Permanent School Fund Corp’s holdings in John Wiley & Sons were worth $1,280,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WLY. BlackRock Inc. bought a new position in John Wiley & Sons in the 3rd quarter worth approximately $187,724,000. Vanguard Group Inc. bought a new stake in shares of John Wiley & Sons during the third quarter valued at approximately $175,812,000. State Street Corp bought a new stake in shares of John Wiley & Sons during the third quarter valued at approximately $174,063,000. Norges Bank bought a new stake in shares of John Wiley & Sons during the fourth quarter valued at approximately $7,515,000. Finally, JPMorgan Chase & Co. increased its position in shares of John Wiley & Sons by 36.0% during the first quarter. JPMorgan Chase & Co. now owns 455,696 shares of the company’s stock valued at $17,667,000 after purchasing an additional 120,605 shares during the period. 84.57% of the stock is owned by institutional investors.

John Wiley & Sons Stock Performance

WLY opened at $31.39 on Friday. The stock has a market cap of $1.73 billion, a PE ratio of -29.61 and a beta of 0.97. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.95. John Wiley & Sons, Inc. has a 1 year low of $28.83 and a 1 year high of $49.58. The stock’s 50 day simple moving average is $32.91 and its 200-day simple moving average is $34.45.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $451.01 million for the quarter. John Wiley & Sons had a positive return on equity of 20.65% and a negative net margin of 2.88%. Sell-side analysts forecast that John Wiley & Sons, Inc. will post 2.23 EPS for the current year.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Tuesday, October 10th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Friday, October 6th. John Wiley & Sons’s dividend payout ratio is presently -132.08%.

Insider Activity at John Wiley & Sons

In related news, Director David C. Dobson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average price of $29.92 per share, with a total value of $149,600.00. Following the purchase, the director now directly owns 13,033 shares in the company, valued at $389,947.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director David C. Dobson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average price of $29.92 per share, with a total value of $149,600.00. Following the purchase, the director now directly owns 13,033 shares in the company, valued at $389,947.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Kissner purchased 16,550 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was bought at an average cost of $30.33 per share, for a total transaction of $501,961.50. Following the purchase, the chief executive officer now owns 25,705 shares in the company, valued at $779,632.65. The disclosure for this purchase can be found here. 0.79% of the stock is owned by insiders.

John Wiley & Sons Profile

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.