According to the most recent 13F filing with the Securities and Exchange Commission (SEC), during the third quarter of 2018, Strs Ohio bought a new position in shares of John Wiley & Sons, Inc. (NYSE: WY). The institutional investor spent approximately $833,200 to acquire 22,200 shares of the company’s stock, bringing the total number of shares purchased to 22,200.
Recently, several other hedge funds rebalanced the proportion of their holdings allocated to the stock. Raymond James & Associates increased the number of shares they own in John Wiley & Sons during the third quarter, bringing the total amount of money they have invested in the business to $13,503,000. During the third quarter, Willis Investment Counsel made a new investment in a position worth approximately $6,521,000 in John Wiley & Sons. This investment was made in the company’s stock. The Alaska Department of Revenue made a brand-new investment in John Wiley & Sons publishing company for $2,072,000 during the third quarter of this fiscal year. The acquisition of a new stake in John Wiley & Sons required Bonness Enterprises, Inc. to pay approximately $1,818,000 during the third quarter of the fiscal year.
Last but not least, during the third quarter, Uncommon Cents Investing LLC purchased a new stake in John Wiley & Sons at approximately $1,554,000. This brought their total investment in the company to approximately $2,080,000. Institutional investors and hedge funds are the current owners of 72.99% of the company’s shares at this moment in time.
John Wiley & Sons stock was first made available for trading on Monday at a price of $44.09 per share. The stock price has reached $43.29, which is equal to its 50-day moving average, and $44.58, which is equal to its 200-day moving average. A debt-to-equity ratio comes in at 0.91; a quick ratio comes in at 0.71; a current ratio comes in at 0.76; and a quick ratio comes in at 0.71. John Wiley & Sons, Inc.’s lowest price in the past year was $36.57, while the company’s all-time high price was $57.11. Its current beta value of 0.98 contributes to the stock’s market value of $2.45 billion and its PE ratio of 25.19.
John Wiley & Sons (NYSE: WY) released the results of its most recent quarterly financial report on December 7, 2018. Earnings per share for the company’s stock totaled $1.20 during the period in question. The total revenue that the company generated during the period in question was $514.84 million. The 18.27% return on equity and the 4.79% net margin demonstrates that John Wiley & Sons had a successful performance. As predicted by research analysts, earnings of $3.7 per share are expected to be generated by John Wiley & Sons, Inc. for the current fiscal year.
Additionally, on January 11 of this year, the company announced and distributed a quarterly dividend that was paid out to shareholders. On Tuesday, December 27, shareholders registered as such on the company’s website were eligible to receive a $0.347 dividend payment. This results in an annual dividend payment of $1.39 and a dividend yield of 3.15% when calculated annually. On Friday, December 23, which was a Friday, the dividend was paid out to shareholders. This date was in December. Now, 79.43% of John Wiley & Sons’ earnings are distributed to shareholders as dividends.
TheStreet raised its rating for John Wiley & Sons from a “c” rating to a “b-” rating in a research note.