Thrivent Financial for Lutherans Has $1.57 Million Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Thrivent Financial for Lutherans cut its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,455 shares of the company’s stock after selling 2,542 shares during the quarter. Thrivent Financial for Lutherans owned about 0.06% of John Wiley & Sons worth $1,566,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in John Wiley & Sons during the 3rd quarter valued at $57,000. GAMMA Investing LLC raised its position in shares of John Wiley & Sons by 39.2% during the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock valued at $57,000 after buying an additional 334 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of John Wiley & Sons during the second quarter valued at about $60,000. Point72 DIFC Ltd bought a new stake in shares of John Wiley & Sons in the second quarter valued at about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in John Wiley & Sons during the second quarter worth about $121,000. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Price Performance

Shares of NYSE:WLY opened at $52.22 on Friday. The firm has a market capitalization of $2.83 billion, a PE ratio of -26.11 and a beta of 0.85. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. John Wiley & Sons, Inc. has a 1-year low of $29.04 and a 1-year high of $53.96. The business’s 50 day moving average is $50.25 and its 200-day moving average is $45.53.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business had revenue of $403.81 million for the quarter, compared to analyst estimates of $387.40 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a $0.352 dividend. This represents a $1.41 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, October 8th. John Wiley & Sons’s dividend payout ratio (DPR) is presently -70.50%.

Insider Buying and Selling at John Wiley & Sons

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the transaction, the executive vice president now directly owns 8,978 shares in the company, valued at $443,602.98. This represents a 20.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

John Wiley & Sons Company 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.