Thrivent Financial for Lutherans has significantly reduced its investment in John Wiley & Sons, Inc. (NYSE: WLY), selling 25,855 shares during the third quarter of 2023. This reduction amounts to a decrease of 46.6%, leaving the firm with a total of 29,656 shares valued at approximately $1.2 million at the close of the reporting period, according to Holdings Channel.
Other institutional investors have also adjusted their positions in John Wiley & Sons recently. Amalgamated Bank increased its holdings by 3.5%, acquiring an additional 401 shares to bring its total to 12,008 shares, now worth $486,000. EverSource Wealth Advisors LLC demonstrated a more aggressive strategy, boosting its stake by 519.8% in the second quarter, with 564 shares valued at $25,000.
SkyView Investment Advisors LLC also raised its position by 3.2%, now owning 17,589 shares valued at $794,000 after an additional purchase of 544 shares. Similarly, the Commonwealth of Pennsylvania Public School Employees Retirement System increased its holdings by 6.9%, acquiring 676 shares to reach a total of 10,489 shares, valued at $468,000. In the first quarter, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake by 3.1%, now holding 23,407 shares worth $1,043,000. Institutional investors collectively control 73.94% of John Wiley & Sons’ stock.
Market Analysis and Earnings Report
Analysts have closely monitored the stock’s performance, with various brokerages issuing ratings on John Wiley & Sons. Weiss Ratings maintained a “hold (c)” rating, while Wall Street Zen upgraded the stock from a “buy” to a “strong-buy” rating. Zacks Research also elevated the stock to a “hold” rating. According to MarketBeat.com, the average rating for John Wiley & Sons is currently “Hold.”
The stock opened at $29.49 on the market recently. Over the past year, John Wiley & Sons has seen a low of $28.38 and a high of $47.26. The company has a market capitalization of $1.55 billion, a price-to-earnings (P/E) ratio of 15.68, and a beta of 0.98. The fifty-day simple moving average stands at $30.77, while the two-hundred day average is $35.69. Financial ratios indicate a quick ratio of 0.67, a current ratio of 0.71, and a debt-to-equity ratio of 1.16.
On December 4, 2023, John Wiley & Sons announced its earnings for the last quarter, reporting earnings per share (EPS) of $1.10. This figure surpassed analysts’ expectations of $0.97 by $0.13. The company achieved a net margin of 6.11% and a return on equity of 28.23%, generating revenue of $421.75 million, which exceeded the consensus estimate of $416.40 million. Year-over-year, quarterly revenue declined by 1.1%. For the fiscal year 2026, the company has set its EPS guidance between $3.900 and $4.350. Analysts project an EPS of $3.42 for the current fiscal year.
Dividend Announcement and Company Overview
Recently, John Wiley & Sons declared a quarterly dividend of $0.355 per share, which was paid on January 15, following a record date of December 30. This amounts to an annualized dividend of $1.42 with a yield of 4.8%. The company’s payout ratio currently stands at 75.53%.
Founded in 1807 and headquartered in Hoboken, New Jersey, John Wiley & Sons, Inc. is a global leader in publishing and educational services. The company operates through two main segments: Research & Publishing and Education. Wiley produces a diverse array of scholarly journals, books, and digital products, catering to academic, scientific, technical, and medical markets, as well as professional development and higher education resources. The Research & Publishing segment includes thousands of peer-reviewed journals and the Wiley Online Library, a premier platform for scholarly content.
For ongoing updates about John Wiley & Sons and related news, investors can visit HoldingsChannel.com for the latest filings and transactions.
