Loomis Sayles & Co. L P Acquires 5,775 Shares of John Wiley & Sons, Inc. $WLY

Loomis Sayles & Co. L P raised its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 246,132 shares of the company’s stock after purchasing an additional 5,775 shares during the quarter. Loomis Sayles & Co. L P’s holdings in John Wiley & Sons were worth $10,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of John Wiley & Sons during the 1st quarter worth $29,000. Trust Co. of Toledo NA OH bought a new position in John Wiley & Sons in the second quarter valued at about $31,000. Whittier Trust Co. bought a new position in John Wiley & Sons in the second quarter valued at about $33,000. State of Wyoming raised its stake in John Wiley & Sons by 23.6% during the first quarter. State of Wyoming now owns 1,298 shares of the company’s stock worth $58,000 after acquiring an additional 248 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of John Wiley & Sons in the first quarter worth about $65,000. Institutional investors own 73.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 6th. Weiss Ratings restated a “hold (c-)” rating on shares of John Wiley & Sons in a research report on Monday, November 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

John Wiley & Sons Stock Performance

Shares of John Wiley & Sons stock opened at $36.22 on Tuesday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 20.35 and a beta of 1.03. John Wiley & Sons, Inc. has a twelve month low of $32.92 and a twelve month high of $52.29. The company’s fifty day moving average is $37.20 and its 200 day moving average is $39.42. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

John Wiley & Sons (NYSE:WLY) last announced its earnings results on Tuesday, February 28th. The company reported $1.29 earnings per share (EPS) for the quarter. The business had revenue of $533.00 million during the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%. Sell-side analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons announced that its board has approved a stock repurchase program on Thursday, September 25th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to reacquire up to 11.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

John Wiley & Sons Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 7th were issued a $0.355 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $1.42 annualized dividend and a yield of 3.9%. John Wiley & Sons’s payout ratio is presently 79.78%.

About John Wiley & Sons

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.