John Wiley & Sons, Inc. $WLY Shares Acquired by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC increased its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 18.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,617,945 shares of the company’s stock after purchasing an additional 410,121 shares during the period. John Wiley & Sons accounts for 1.9% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 19th largest holding. Clarkston Capital Partners LLC owned 4.98% of John Wiley & Sons worth $80,188,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in John Wiley & Sons by 519.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $25,000 after purchasing an additional 473 shares during the period. Allworth Financial LP boosted its stake in John Wiley & Sons by 1,595.7% during the 3rd quarter. Allworth Financial LP now owns 780 shares of the company’s stock worth $32,000 after purchasing an additional 734 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in John Wiley & Sons by 359.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,042 shares of the company’s stock worth $32,000 after purchasing an additional 815 shares during the period. Empowered Funds LLC acquired a new stake in John Wiley & Sons during the 4th quarter worth $37,000. Finally, Hantz Financial Services Inc. boosted its stake in John Wiley & Sons by 2,378.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,388 shares of the company’s stock worth $43,000 after purchasing an additional 1,332 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

Analysts Set New Price Targets

WLY has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of John Wiley & Sons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Zacks Research cut shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

John Wiley & Sons Stock Down 0.9%

Shares of NYSE:WLY opened at $44.23 on Friday. The stock has a market cap of $2.27 billion, a P/E ratio of 15.41 and a beta of 0.80. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.59 and a quick ratio of 0.57. John Wiley & Sons, Inc. has a 1-year low of $28.38 and a 1-year high of $45.64. The firm has a fifty day moving average price of $41.32 and a 200 day moving average price of $35.60.

John Wiley & Sons Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, April 7th were given a dividend of $0.355 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.42 dividend on an annualized basis and a yield of 3.2%. John Wiley & Sons’s dividend payout ratio is presently 49.48%.

John Wiley & Sons Profile

John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.

In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.