John Wiley & Sons, Inc. (NYSE:WLY) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,308 shares of the company’s stock after purchasing an additional 380 shares during the period. The Manufacturers Life Insurance Company’s holdings in John Wiley & Sons were worth $786,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in John Wiley & Sons by 96.9% in the first quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock worth $29,000 after acquiring an additional 371 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of John Wiley & Sons during the second quarter worth $60,000. Adirondack Trust Co. increased its holdings in John Wiley & Sons by 23.5% in the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock valued at $70,000 after buying an additional 400 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in John Wiley & Sons in the second quarter valued at $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of John Wiley & Sons during the 2nd quarter worth about $121,000. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Stock Up 0.2 %

John Wiley & Sons stock opened at $49.76 on Tuesday. The company has a market capitalization of $2.71 billion, a P/E ratio of -13.63 and a beta of 0.86. The stock has a 50-day simple moving average of $46.62 and a 200-day simple moving average of $42.47. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57. John Wiley & Sons, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $50.52.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $387.40 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. John Wiley & Sons’s quarterly revenue was down 10.5% on a year-over-year basis. Equities research analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be issued a dividend of $0.352 per share. This represents a $1.41 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, October 8th. John Wiley & Sons’s dividend payout ratio (DPR) is -38.74%.

Insider Transactions at John Wiley & Sons

In other news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 8,978 shares in the company, valued at approximately $443,602.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.