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

Millennium Management LLC cut its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 62.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,351 shares of the company's stock after selling 63,122 shares during the period. Millennium Management LLC owned about 0.07% of John Wiley & Sons worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in John Wiley & Sons during the fourth quarter valued at $361,000. Oppenheimer & Co. Inc. raised its position in shares of John Wiley & Sons by 9.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,487 shares of the company's stock worth $284,000 after acquiring an additional 567 shares during the period. Vanguard Group Inc. raised its position in shares of John Wiley & Sons by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,318,812 shares of the company's stock worth $232,485,000 after acquiring an additional 21,748 shares during the period. Northern Trust Corp raised its position in shares of John Wiley & Sons by 10.9% in the fourth quarter. Northern Trust Corp now owns 440,272 shares of the company's stock worth $19,244,000 after acquiring an additional 43,275 shares during the period. Finally, Deutsche Bank AG raised its position in shares of John Wiley & Sons by 55.5% in the fourth quarter. Deutsche Bank AG now owns 33,174 shares of the company's stock worth $1,450,000 after acquiring an additional 11,839 shares during the period. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Price Performance

Shares of John Wiley & Sons stock traded down $0.19 during trading hours on Wednesday, reaching $38.44. The stock had a trading volume of 331,260 shares, compared to its average volume of 377,663. The stock's 50 day moving average is $42.62 and its 200 day moving average is $43.57. The firm has a market capitalization of $2.07 billion, a PE ratio of -42.24 and a beta of 0.95. John Wiley & Sons, Inc. has a twelve month low of $34.85 and a twelve month high of $53.96. 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 (NYSE:WLY - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.39. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The firm had revenue of $404.63 million during the quarter, compared to the consensus estimate of $401.10 million. Equities analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Tuesday, April 8th were given a dividend of $0.3525 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.41 annualized dividend and a dividend yield of 3.67%. John Wiley & Sons's dividend payout ratio (DPR) is presently 190.54%.

About John Wiley & Sons

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.