Bank of America Corp DE Reduces Stake in John Wiley & Sons, Inc. (NYSE:WLY)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of John Wiley & Sons in the 4th quarter worth approximately $361,000. Oppenheimer & Co. Inc. boosted its stake in John Wiley & Sons by 9.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,487 shares of the company's stock valued at $284,000 after purchasing an additional 567 shares during the last quarter. Vanguard Group Inc. boosted its stake in John Wiley & Sons by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,318,812 shares of the company's stock valued at $232,485,000 after purchasing an additional 21,748 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in John Wiley & Sons by 2,578.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company's stock valued at $151,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in John Wiley & Sons by 10.9% during the 4th quarter. Northern Trust Corp now owns 440,272 shares of the company's stock valued at $19,244,000 after purchasing an additional 43,275 shares during the last quarter. Hedge funds and other institutional investors own 73.94% of the company's stock.

John Wiley & Sons Stock Down 0.5%

WLY traded down $0.21 during trading on Friday, hitting $39.09. 431,542 shares of the company's stock traded hands, compared to its average volume of 377,683. The company's 50 day simple moving average is $42.86 and its two-hundred day simple moving average is $43.75. 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 12-month low of $34.85 and a 12-month high of $53.96. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of -42.96 and a beta of 0.95.

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

John Wiley & Sons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Tuesday, April 8th were issued a $0.3525 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a yield of 3.61%. John Wiley & Sons's dividend payout ratio is currently 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.