Consolidated Planning Corp Makes New Investment in John Wiley & Sons, Inc. (NYSE:WLY)

Consolidated Planning Corp acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,141 shares of the company’s stock, valued at approximately $682,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in John Wiley & Sons by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 209,184 shares of the company’s stock valued at $10,093,000 after acquiring an additional 1,600 shares during the period. NorthRock Partners LLC increased its holdings in shares of John Wiley & Sons by 21.3% in the third quarter. NorthRock Partners LLC now owns 31,389 shares of the company’s stock valued at $1,515,000 after purchasing an additional 5,503 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of John Wiley & Sons in the third quarter valued at about $57,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of John Wiley & Sons during the 3rd quarter worth about $161,000. Finally, Berry Wealth Group LP bought a new stake in shares of John Wiley & Sons during the 3rd quarter worth about $229,000. 73.94% of the stock is currently owned by institutional investors.

John Wiley & Sons Price Performance

John Wiley & Sons stock opened at $52.07 on Friday. The company’s 50-day moving average price is $48.28 and its two-hundred day moving average price is $44.01. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. John Wiley & Sons, Inc. has a twelve month low of $29.04 and a twelve month high of $52.97.

John Wiley & Sons (NYSE:WLY) last posted its 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 firm had revenue of $403.81 million for the quarter, compared to analyst estimates of $387.40 million. During the same period in the prior year, the business posted $0.27 EPS. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year.

John Wiley & Sons Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $0.352 dividend. This represents a $1.41 dividend on an annualized basis 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

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the transaction, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at $443,602.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by company insiders.

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.