John Wiley & Sons, Inc. (NYSE:WLY) Position Trimmed by Bank of America Corp DE

Bank of America Corp DE lessened its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,010 shares of the company's stock after selling 94,096 shares during the period. Bank of America Corp DE owned about 0.16% of John Wiley & Sons worth $3,891,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WLY. Raymond James Financial Inc. acquired a new stake in John Wiley & Sons during the 4th quarter worth about $34,916,000. Alta Fox Capital Management LLC raised its holdings in John Wiley & Sons by 171.8% during the 4th quarter. Alta Fox Capital Management LLC now owns 347,047 shares of the company's stock worth $15,169,000 after buying an additional 219,349 shares during the period. River Global Investors LLP acquired a new stake in John Wiley & Sons during the 4th quarter worth about $7,174,000. Victory Capital Management Inc. raised its holdings in John Wiley & Sons by 261.9% during the 4th quarter. Victory Capital Management Inc. now owns 129,423 shares of the company's stock worth $5,657,000 after buying an additional 93,661 shares during the period. Finally, First Trust Advisors LP purchased a new position in John Wiley & Sons during the 4th quarter valued at about $3,436,000. Institutional investors and hedge funds own 73.94% of the company's stock.

John Wiley & Sons Stock Down 0.0%

NYSE:WLY traded down $0.02 on Tuesday, hitting $38.66. 352,594 shares of the company's stock traded hands, compared to its average volume of 377,848. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26. John Wiley & Sons, Inc. has a 1 year low of $34.85 and a 1 year high of $53.96. The firm has a 50-day moving average price of $42.62 and a 200-day moving average price of $43.57. The company has a market cap of $2.08 billion, a PE ratio of -42.48 and a beta of 0.95.

John Wiley & Sons (NYSE:WLY - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.39. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The company had revenue of $404.63 million for the quarter, compared to analysts' expectations of $401.10 million. Equities analysts anticipate that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.3525 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.41 annualized dividend and a yield of 3.65%. John Wiley & Sons's dividend payout ratio (DPR) is presently 190.54%.

John Wiley & Sons Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.