Clarkston Capital Partners LLC Increases Stake in John Wiley & Sons, Inc. $WLY

Clarkston Capital Partners LLC grew its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 18.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,617,945 shares of the company’s stock after buying an additional 410,121 shares during the quarter. 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’s holdings in John Wiley & Sons were worth $80,188,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position 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 buying an additional 473 shares during the last quarter. Allworth Financial LP raised its position 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 buying an additional 734 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position 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 buying an additional 815 shares during the last quarter. Empowered Funds LLC purchased a new position in John Wiley & Sons during the 4th quarter worth $37,000. Finally, Hantz Financial Services Inc. raised its position 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 buying an additional 1,332 shares during the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

Shares of WLY opened at $44.23 on Friday. The company has a 50-day simple moving average of $41.32 and a 200-day simple moving average of $35.60. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $2.27 billion, a PE ratio of 15.41 and a beta of 0.80. John Wiley & Sons, Inc. has a 52-week low of $28.38 and a 52-week high of $45.64.

John Wiley & Sons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, April 7th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, April 7th. John Wiley & Sons’s dividend payout ratio (DPR) is currently 49.48%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings upgraded shares of John Wiley & Sons from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.