Kendall Capital Management Purchases 10,810 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Kendall Capital Management lifted its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 16.2% in the 4th quarter, HoldingsChannel reports. The fund owned 77,397 shares of the company’s stock after purchasing an additional 10,810 shares during the quarter. John Wiley & Sons comprises 1.0% of Kendall Capital Management’s investment portfolio, making the stock its 28th largest position. Kendall Capital Management’s holdings in John Wiley & Sons were worth $3,383,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of John Wiley & Sons by 114.6% in the 4th quarter. Blue Trust Inc. now owns 749 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of John Wiley & Sons in the 3rd quarter worth $57,000. Nisa Investment Advisors LLC raised its position in shares of John Wiley & Sons by 2,578.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock worth $151,000 after acquiring an additional 3,300 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of John Wiley & Sons by 21.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the company’s stock worth $151,000 after acquiring an additional 603 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of John Wiley & Sons by 10.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company’s stock worth $161,000 after acquiring an additional 350 shares in the last quarter. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Trading Up 5.6 %

WLY opened at $46.14 on Friday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -50.71 and a beta of 0.82. 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 stock has a fifty day moving average price of $41.56 and a 200-day moving average price of $45.97.

John Wiley & Sons (NYSE:WLY) last announced its earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, topping 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 firm had revenue of $404.63 million for the quarter, compared to the consensus estimate of $401.10 million. As a group, equities research analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were paid a dividend of $0.3525 per share. This represents a $1.41 annualized dividend and a yield of 3.06%. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, December 26th. John Wiley & Sons’s payout ratio is -154.95%.

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.