Thrivent Financial Reduces Stake in John Wiley & Sons by 46.6%

Thrivent Financial for Lutherans has significantly reduced its stake in John Wiley & Sons, Inc. (NYSE: WLY), cutting its holdings by 46.6% during the third quarter of 2023. According to Holdings Channel, the fund sold 25,855 shares and now owns 29,656 shares valued at approximately $1.2 million.

Other institutional investors have also adjusted their positions in John Wiley & Sons. Notably, Amalgamated Bank increased its holdings by 3.5%, acquiring an additional 401 shares to reach a total of 12,008 shares worth $486,000. In a more substantial move, EverSource Wealth Advisors LLC boosted its position by an impressive 519.8%, now holding 564 shares valued at $25,000 after purchasing an additional 473 shares in the previous quarter.

Similarly, SkyView Investment Advisors LLC raised its stake by 3.2%, now owning 17,589 shares worth $794,000, while the Commonwealth of Pennsylvania Public School Employees Retirement System increased its holdings by 6.9%, acquiring 10,489 shares valued at $468,000. Additionally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings by 3.1%, now owning 23,407 shares valued at $1.043 million. Institutional investors collectively hold 73.94% of John Wiley & Sons’ stock.

Analysts’ Perspectives on John Wiley & Sons

Several brokerages have provided ratings on John Wiley & Sons recently. Weiss Ratings maintained a “hold (c)” rating, while Wall Street Zen upgraded the stock from “buy” to “strong-buy.” Zacks Research also raised the company’s rating to “hold.” Currently, two analysts have assigned a Hold rating, resulting in an average rating of “Hold” according to data from MarketBeat.com.

John Wiley & Sons’ stock opened at $29.49 on the latest trading day. Over the past year, the stock has reached a low of $28.38 and a high of $47.26. The company’s market capitalization stands at $1.55 billion, with a P/E ratio of 15.68 and a beta of 0.98. Financial indicators show a fifty-day simple moving average of $30.77 and a two-hundred day simple moving average of $35.69. The company has a quick ratio of 0.67, a current ratio of 0.71, and a debt-to-equity ratio of 1.16.

Recent Earnings and Dividend Announcements

On December 4, 2023, John Wiley & Sons reported earnings of $1.10 per share for the quarter, surpassing analysts’ consensus estimates of $0.97 by $0.13. The company achieved a net margin of 6.11% and a return on equity of 28.23%. Revenue for the quarter reached $421.75 million, exceeding the expected $416.40 million, although it represented a 1.1% decline compared to the previous year.

Looking ahead, John Wiley & Sons has set its fiscal year 2026 guidance for earnings per share between $3.90 and $4.35. Analysts project that the company will post earnings of $3.42 per share for the current fiscal year.

Additionally, the company has recently announced a quarterly dividend, with a payment made on January 15, 2024. Shareholders of record as of December 30, 2023, received a dividend of $0.355 per share, translating to an annualized dividend of $1.42 and a yield of 4.8%. The payout ratio currently stands at 75.53%.

About John Wiley & Sons

John Wiley & Sons, Inc., founded in 1807 and headquartered in Hoboken, New Jersey, operates as a global publishing and educational services entity. The company consists of two primary segments: Research & Publishing and Education. Wiley is known for producing a variety of scholarly journals, books, and digital products tailored to academic, scientific, technical, and medical markets, as well as professional development and higher education resources. Its Research & Publishing segment includes thousands of peer-reviewed journals and the Wiley Online Library, a leading platform for scientific and scholarly content.

For more information on institutional holdings and the latest news regarding John Wiley & Sons, visit HoldingsChannel.com.