John Wiley & Sons, Inc. (NYSE:WLY) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 18.8% in the fourth quarter, Holdings Channel reports. The firm owned 6,381 shares of the company’s stock after buying an additional 1,009 shares during the period. Pictet Asset Management Holding SA’s holdings in John Wiley & Sons were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in John Wiley & Sons in the fourth quarter worth about $264,000. Norges Bank purchased a new position in shares of John Wiley & Sons in the 4th quarter valued at approximately $3,201,000. Loomis Sayles & Co. L P boosted its stake in John Wiley & Sons by 16.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 240,654 shares of the company’s stock worth $10,519,000 after purchasing an additional 34,373 shares in the last quarter. Corebridge Financial Inc. grew its position in John Wiley & Sons by 1.9% during the 4th quarter. Corebridge Financial Inc. now owns 21,294 shares of the company’s stock worth $931,000 after purchasing an additional 394 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of John Wiley & Sons by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,318,812 shares of the company’s stock worth $232,485,000 after buying an additional 21,748 shares during the last quarter. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

John Wiley & Sons Trading Down 2.9 %

NYSE:WLY opened at $41.45 on Friday. The company has a market capitalization of $2.23 billion, a P/E ratio of -45.55 and a beta of 0.86. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26. John Wiley & Sons, Inc. has a 12 month low of $34.85 and a 12 month high of $53.96. The firm has a fifty day simple moving average of $42.20 and a 200-day simple moving average of $45.54.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.39. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The business had revenue of $404.63 million for the quarter, compared to the consensus estimate of $401.10 million. On average, equities research analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Tuesday, April 8th. John Wiley & Sons’s dividend payout ratio is presently 190.54%.

John Wiley & Sons Company 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.