Grandfield & Dodd LLC Has $1.83 Million Stake in John Wiley & Sons, Inc. (NYSE:WLY)

Grandfield & Dodd LLC trimmed its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 70.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,690 shares of the company's stock after selling 140,500 shares during the quarter. Grandfield & Dodd LLC owned about 0.11% of John Wiley & Sons worth $1,831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WLY. BlackRock Inc. bought a new stake in John Wiley & Sons during the third quarter worth about $187,724,000. Vanguard Group Inc. bought a new stake in John Wiley & Sons during the third quarter worth about $175,812,000. State Street Corp bought a new stake in John Wiley & Sons during the third quarter worth about $174,063,000. Schroder Investment Management Group lifted its stake in John Wiley & Sons by 66.7% during the third quarter. Schroder Investment Management Group now owns 1,099,511 shares of the company's stock worth $40,869,000 after purchasing an additional 439,837 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in John Wiley & Sons during the fourth quarter worth about $6,779,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

John Wiley & Sons Price Performance

WLY stock traded up $0.94 during mid-day trading on Friday, hitting $37.53. 326,488 shares of the stock were exchanged, compared to its average volume of 267,424. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.54 and a quick ratio of 0.50. The business has a fifty day moving average price of $36.07 and a 200 day moving average price of $33.26. John Wiley & Sons, Inc. has a 12 month low of $28.83 and a 12 month high of $40.23. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -13.03 and a beta of 0.91.

John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.14. John Wiley & Sons had a positive return on equity of 18.83% and a negative net margin of 8.14%. The firm had revenue of $460.70 million during the quarter, compared to analyst estimates of $392.60 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company's revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that John Wiley & Sons, Inc. will post 2.55 EPS for the current year.

John Wiley & Sons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Monday, April 8th. John Wiley & Sons's dividend payout ratio (DPR) is presently -48.61%.

Insider Activity

In other news, EVP Jay Flynn sold 6,114 shares of the business's stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $38.82, for a total value of $237,345.48. Following the completion of the sale, the executive vice president now owns 8,069 shares of the company's stock, valued at approximately $313,238.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

About John Wiley & Sons

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.