KLP Kapitalforvaltning AS Raises Holdings in John Wiley & Sons, Inc. $WLY

KLP Kapitalforvaltning AS increased its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 14.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,400 shares of the company’s stock after acquiring an additional 1,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in John Wiley & Sons were worth $420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new stake in John Wiley & Sons in the first quarter worth about $29,000. State of Wyoming raised its stake in shares of John Wiley & Sons by 23.6% during the first quarter. State of Wyoming now owns 1,298 shares of the company’s stock valued at $58,000 after acquiring an additional 248 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of John Wiley & Sons during the first quarter valued at approximately $65,000. GAMMA Investing LLC raised its stake in John Wiley & Sons by 35.8% in the first quarter. GAMMA Investing LLC now owns 1,564 shares of the company’s stock worth $70,000 after buying an additional 412 shares in the last quarter. Finally, Strs Ohio bought a new position in John Wiley & Sons in the first quarter worth approximately $111,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WLY shares. Weiss Ratings reissued a “hold (c)” rating on shares of John Wiley & Sons in a research report on Tuesday, October 14th. Wall Street Zen lowered shares of John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, John Wiley & Sons presently has an average rating of “Hold”.

John Wiley & Sons Stock Up 0.2%

WLY stock opened at $37.06 on Friday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 20.82 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.12. John Wiley & Sons, Inc. has a 12 month low of $35.94 and a 12 month high of $53.96. The firm has a 50-day moving average of $39.70 and a two-hundred day moving average of $40.90.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Tuesday, February 28th. The company reported $1.29 EPS for the quarter. The company had revenue of $533.00 million during the quarter. John Wiley & Sons had a net margin of 5.82% and a return on equity of 27.31%. As a group, analysts forecast that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.355 per share. The ex-dividend date is Tuesday, October 7th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.8%. John Wiley & Sons’s dividend payout ratio (DPR) is currently 79.78%.

John Wiley & Sons announced that its Board of Directors has initiated a share buyback program on Thursday, June 26th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

John Wiley & Sons Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.