Mirae Asset Global Investments Co. Ltd. Reduces Position in John Wiley & Sons, Inc. (NYSE:WLY)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,509 shares of the company’s stock after selling 1,210 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in John Wiley & Sons were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of WLY. SG Americas Securities LLC purchased a new position in shares of John Wiley & Sons during the 3rd quarter worth $651,000. Commonwealth Equity Services LLC lifted its stake in shares of John Wiley & Sons by 189.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 23,044 shares of the company’s stock valued at $857,000 after buying an additional 15,095 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of John Wiley & Sons during the 3rd quarter valued at $375,000. Bank of New York Mellon Corp lifted its stake in shares of John Wiley & Sons by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 884,008 shares of the company’s stock valued at $32,859,000 after buying an additional 18,658 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of John Wiley & Sons by 4.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,239 shares of the company’s stock valued at $269,000 after buying an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Down 1.1 %

WLY opened at $37.95 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.50 and a current ratio of 0.54. John Wiley & Sons, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $40.23. The firm’s fifty day moving average is $36.43 and its 200 day moving average is $33.35. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -13.18 and a beta of 0.91.

John Wiley & Sons (NYSE:WLY) last released its earnings results on Thursday, March 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.14. John Wiley & Sons had a negative net margin of 8.14% and a positive return on equity of 18.83%. The company had revenue of $460.70 million for the quarter, compared to analysts’ expectations of $392.60 million. During the same quarter in the previous year, the company earned $0.85 EPS. John Wiley & Sons’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, sell-side analysts forecast that John Wiley & Sons, Inc. will post 2.55 earnings per share for the current fiscal year.

John Wiley & Sons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Tuesday, April 9th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Monday, April 8th. John Wiley & Sons’s dividend payout ratio (DPR) is -48.61%.

Insider Buying and Selling at John Wiley & Sons

In other John Wiley & Sons news, EVP Jay Flynn sold 6,114 shares of John Wiley & Sons stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total value of $237,345.48. Following the sale, the executive vice president now directly owns 8,069 shares in the company, valued at approximately $313,238.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is currently owned by 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.