John Wiley & Sons, Inc. (NYSE:WLY) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its position in John Wiley & Sons, Inc. (NYSE:WLY) by 12.8% in the 2nd quarter, Holdings Channel reports. The fund owned 7,351 shares of the company’s stock after selling 1,079 shares during the period. Commonwealth Equity Services LLC’s holdings in John Wiley & Sons were worth $299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of John Wiley & Sons by 96.9% in the first quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock valued at $29,000 after buying an additional 371 shares in the last quarter. Adirondack Trust Co. lifted its holdings in John Wiley & Sons by 23.5% in the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock valued at $70,000 after acquiring an additional 400 shares during the period. Penbrook Management LLC purchased a new stake in shares of John Wiley & Sons during the 1st quarter worth $210,000. Bayesian Capital Management LP acquired a new position in shares of John Wiley & Sons during the 1st quarter worth $212,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of John Wiley & Sons in the 1st quarter valued at about $226,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Up 0.1 %

WLY stock opened at $46.62 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $46.18 and its 200 day moving average price is $41.33. John Wiley & Sons, Inc. has a 52 week low of $28.83 and a 52 week high of $49.20. The company has a market cap of $2.54 billion, a P/E ratio of -12.81 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The firm had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $387.40 million. During the same period last year, the firm earned $0.27 EPS. John Wiley & Sons’s revenue was down 10.5% compared to the same quarter last year. On average, research analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Tuesday, July 9th were given a $0.3525 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.02%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio (DPR) is currently -38.74%.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company 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.