John Wiley & Sons, Inc. (NYSE:WLY) Shares Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC decreased its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 17.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,709 shares of the company’s stock after selling 9,981 shares during the period. Grandfield & Dodd LLC’s holdings in John Wiley & Sons were worth $1,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new position in John Wiley & Sons during the 4th quarter worth approximately $29,000. GAMMA Investing LLC increased its position in John Wiley & Sons by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock worth $29,000 after purchasing an additional 371 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in John Wiley & Sons during the 4th quarter worth approximately $48,000. Adirondack Trust Co. increased its position in John Wiley & Sons by 23.5% during the 4th quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after purchasing an additional 400 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of John Wiley & Sons by 5,897.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock worth $88,000 after acquiring an additional 2,713 shares in the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

Shares of NYSE:WLY traded up $1.20 during trading on Thursday, hitting $45.89. 529,605 shares of the stock were exchanged, compared to its average volume of 362,708. The company has a fifty day moving average price of $39.17 and a two-hundred day moving average price of $36.49. The company has a market cap of $2.50 billion, a PE ratio of -12.61 and a beta of 0.86. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.04. John Wiley & Sons, Inc. has a 12-month low of $28.83 and a 12-month high of $46.24.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, June 13th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.81 by $0.40. John Wiley & Sons had a positive return on equity of 18.82% and a negative net margin of 10.69%. The business had revenue of $468.46 million for the quarter, compared to analyst estimates of $438.70 million. During the same quarter in the previous year, the company earned $1.45 EPS. The company’s quarterly revenue was down 11.0% on a year-over-year basis. On average, analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Tuesday, July 9th will be paid a $0.3525 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $1.41 dividend on an annualized basis and a yield of 3.07%. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio is presently -38.46%.

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.