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

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

A number of other institutional investors and hedge funds have also bought and sold shares of WLY. GAMMA Investing LLC boosted its position in John Wiley & Sons by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock worth $57,000 after buying an additional 334 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in John Wiley & Sons in the third quarter valued at $57,000. Skandinaviska Enskilda Banken AB publ bought a new position in John Wiley & Sons during the 2nd quarter worth $60,000. Point72 DIFC Ltd acquired a new position in John Wiley & Sons during the 2nd quarter worth about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in John Wiley & Sons in the second quarter valued at approximately $121,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Down 0.6 %

Shares of John Wiley & Sons stock opened at $52.07 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average price of $48.28 and a two-hundred day moving average price of $44.01. John Wiley & Sons, Inc. has a 1-year low of $29.04 and a 1-year high of $52.97.

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

John Wiley & Sons Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.352 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 annualized dividend and a dividend yield of 2.70%. John Wiley & Sons’s dividend payout ratio is -70.50%.

Insiders Place Their Bets

In other news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction dated Tuesday, October 8th. The shares were 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 directly owns 8,978 shares of the company’s stock, valued at $443,602.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

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.