John Wiley & Sons (NYSE:WLYB) Stock Price Down 0.6%

John Wiley & Sons, Inc. (NYSE:WLYB – Get Rating) traded down 0.6% during trading on Friday . The company traded as low as $41.73 and last traded at $41.73. 621 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 860 shares. The stock had previously closed at $41.96.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of John Wiley & Sons from a “c” rating to a “b-” rating in a research note on Wednesday, December 7th.

John Wiley & Sons Stock Performance

The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 23.84 and a beta of 0.88. The firm’s 50-day moving average price is $42.84 and its two-hundred day moving average price is $44.43. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.76.

John Wiley & Sons (NYSE:WLYB – Get Rating) last released its quarterly earnings data on Wednesday, December 7th. The company reported $1.20 earnings per share for the quarter. John Wiley & Sons had a return on equity of 18.27% and a net margin of 4.79%. The company had revenue of $514.84 million for the quarter.

John Wiley & Sons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Tuesday, December 27th will be given a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, December 23rd. John Wiley & Sons’s dividend payout ratio (DPR) is 79.43%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WLYB. UBS Group AG acquired a new stake in shares of John Wiley & Sons during the 3rd quarter worth about $355,000. Tower Research Capital LLC TRC bought a new stake in John Wiley & Sons during the third quarter worth about $31,000. Dimensional Fund Advisors LP bought a new stake in John Wiley & Sons during the third quarter worth about $856,000. Eaton Vance Management acquired a new stake in shares of John Wiley & Sons during the third quarter worth approximately $5,572,000. Finally, Royal Bank of Canada bought a new position in shares of John Wiley & Sons in the third quarter valued at approximately $1,679,000.

About John Wiley & Sons

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John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research Publishing & Platforms, Academic & Professional Learning, and Education Services. The Research Publishing & Platforms segment offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.