Fmr LLC Lowers Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Fmr LLC cut its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 21.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 45,218 shares of the company’s stock after selling 12,068 shares during the quarter. Fmr LLC’s holdings in John Wiley & Sons were worth $2,182,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of John Wiley & Sons during the 3rd quarter valued at $57,000. GAMMA Investing LLC lifted its holdings in shares of John Wiley & Sons by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock valued at $57,000 after acquiring an additional 334 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of John Wiley & Sons during the 2nd quarter valued at $60,000. Point72 DIFC Ltd acquired a new position in shares of John Wiley & Sons during the 2nd quarter valued at $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of John Wiley & Sons during the 2nd quarter valued at $121,000. 73.94% of the stock is owned by hedge funds and other institutional investors.

John Wiley & Sons Stock Performance

NYSE:WLY opened at $45.84 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -50.37 and a beta of 0.85. The firm’s fifty day simple moving average is $50.07 and its 200 day simple moving average is $46.23. John Wiley & Sons, Inc. has a twelve month low of $30.45 and a twelve month high of $53.96.

John Wiley & Sons (NYSE:WLY) last posted its earnings results on Thursday, December 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.09. The business had revenue of $426.60 million for the quarter, compared to analyst estimates of $420.00 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The business’s revenue was down 13.4% compared to the same quarter last year. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a $0.3525 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.41 dividend on an annualized basis and a yield of 3.08%. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is currently -154.95%.

Insiders Place Their Bets

In other news, EVP Danielle Mcmahan sold 2,318 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the sale, the executive vice president now owns 8,978 shares in the company, valued at approximately $443,602.98. This represents a 20.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.

John Wiley & Sons 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.