Trust Co. of Toledo NA OH Invests $31,000 in John Wiley & Sons, Inc. $WLY

Trust Co. of Toledo NA OH acquired a new position in John Wiley & Sons, Inc. (NYSE:WLY) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 700 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds have also recently made changes to their positions in the business. Brown Advisory Inc. raised its position in shares of John Wiley & Sons by 15.4% in the 1st quarter. Brown Advisory Inc. now owns 1,184,954 shares of the company’s stock worth $52,802,000 after acquiring an additional 158,192 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of John Wiley & Sons by 0.5% in the 1st quarter. New York State Common Retirement Fund now owns 299,229 shares of the company’s stock worth $13,334,000 after acquiring an additional 1,409 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of John Wiley & Sons by 169.8% in the 1st quarter. Public Sector Pension Investment Board now owns 277,052 shares of the company’s stock worth $12,345,000 after acquiring an additional 174,367 shares in the last quarter. Nuveen LLC bought a new position in shares of John Wiley & Sons in the 1st quarter worth about $10,755,000. Finally, Principal Financial Group Inc. raised its position in shares of John Wiley & Sons by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 222,972 shares of the company’s stock worth $9,936,000 after acquiring an additional 5,901 shares in the last quarter. 73.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research 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 Saturday, September 27th. Wall Street Zen lowered John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 6th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, John Wiley & Sons currently has an average rating of “Hold”.

John Wiley & Sons Price Performance

WLY stock opened at $36.57 on Tuesday. The company has a market capitalization of $1.95 billion, a P/E ratio of 20.55 and a beta of 1.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.61 and a current ratio of 0.65. John Wiley & Sons, Inc. has a 52-week low of $35.94 and a 52-week high of $53.96. The business has a 50-day simple moving average of $39.79 and a two-hundred day simple moving average of $41.10.

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

John Wiley & Sons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 7th will be paid 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 yield of 3.9%. John Wiley & Sons’s payout ratio is 79.78%.

John Wiley & Sons declared that its board has initiated a share repurchase plan on Thursday, June 26th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board 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.