Sumitomo Mitsui Trust Holdings Inc. Acquires New Shares in John Wiley & Sons, Inc. (NYSE:WLY)

Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,731 shares of the company’s stock, valued at approximately $309,000.

A number of other large investors have also recently added to or reduced their stakes in WLY. Schroder Investment Management Group lifted its holdings in John Wiley & Sons by 66.7% in the third quarter. Schroder Investment Management Group now owns 1,099,511 shares of the company’s stock valued at $40,869,000 after acquiring an additional 439,837 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in John Wiley & Sons during the fourth quarter worth $6,779,000. Vanguard Group Inc. lifted its stake in John Wiley & Sons by 2.3% during the third quarter. Vanguard Group Inc. now owns 5,466,223 shares of the company’s stock worth $203,180,000 after purchasing an additional 123,637 shares in the last quarter. Clark Estates Inc. NY acquired a new position in John Wiley & Sons during the third quarter worth $3,345,000. Finally, Tudor Investment Corp Et Al lifted its stake in John Wiley & Sons by 853.0% during the third quarter. Tudor Investment Corp Et Al now owns 77,030 shares of the company’s stock worth $2,863,000 after purchasing an additional 68,947 shares in the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Stock Up 1.1 %

NYSE:WLY opened at $38.35 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.20. The stock’s fifty day moving average is $36.53 and its two-hundred day moving average is $33.37. John Wiley & Sons, Inc. has a 52 week low of $28.83 and a 52 week high of $40.23. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -13.32 and a beta of 0.91.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.14. John Wiley & Sons had a positive return on equity of 18.83% and a negative net margin of 8.14%. The company had revenue of $460.70 million for the quarter, compared to analysts’ expectations of $392.60 million. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. Research analysts anticipate that John Wiley & Sons, Inc. will post 2.55 EPS for the current year.

John Wiley & Sons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Monday, April 8th. John Wiley & Sons’s dividend payout ratio (DPR) is -48.61%.

Insider Activity

In other news, EVP Jay Flynn sold 6,114 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $38.82, for a total value of $237,345.48. Following the sale, the executive vice president now directly owns 8,069 shares in the company, valued at $313,238.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.79% of the company’s stock.

About John Wiley & Sons

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.