Cardinal Capital Management Increases Stake in John Wiley & Sons, Inc. (NYSE:WLY)

Cardinal Capital Management increased its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,003 shares of the company’s stock after acquiring an additional 1,696 shares during the period. Cardinal Capital Management owned approximately 0.06% of John Wiley & Sons worth $1,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. increased its position in shares of John Wiley & Sons by 114.6% during the fourth quarter. Blue Trust Inc. now owns 749 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of John Wiley & Sons in the third quarter valued at about $57,000. Nisa Investment Advisors LLC boosted its stake in shares of John Wiley & Sons by 2,578.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock worth $151,000 after buying an additional 3,300 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of John Wiley & Sons during the third quarter worth about $161,000. Finally, Berry Wealth Group LP increased its position in John Wiley & Sons by 5.4% in the 4th quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock valued at $218,000 after acquiring an additional 255 shares during the period. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Up 0.4 %

John Wiley & Sons stock opened at $40.58 on Tuesday. The stock has a 50 day moving average of $42.99 and a two-hundred day moving average of $46.46. John Wiley & Sons, Inc. has a twelve month low of $32.50 and a twelve month high of $53.96. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09. The firm had revenue of $426.60 million during the quarter, compared to the consensus estimate of $420.00 million. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. John Wiley & Sons’s quarterly revenue was down 13.4% on a year-over-year basis. As a group, research analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were issued a dividend of $0.3525 per share. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, December 26th. John Wiley & Sons’s dividend payout ratio is currently -154.95%.

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.