Clarkston Capital Partners LLC Sells 234,449 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Clarkston Capital Partners LLC decreased its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,048,882 shares of the company's stock after selling 234,449 shares during the quarter. John Wiley & Sons accounts for approximately 2.6% of Clarkston Capital Partners LLC's holdings, making the stock its 14th biggest position. Clarkston Capital Partners LLC owned approximately 5.64% of John Wiley & Sons worth $133,267,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 21,748 shares in the last quarter. State Street Corp boosted its holdings in John Wiley & Sons by 7.2% in the third quarter. State Street Corp now owns 1,688,156 shares of the company's stock worth $81,454,000 after purchasing an additional 113,631 shares in the last quarter. William Blair Investment Management LLC increased its position in John Wiley & Sons by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,053,035 shares of the company's stock worth $46,028,000 after buying an additional 25,667 shares during the last quarter. Geode Capital Management LLC raised its holdings in John Wiley & Sons by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 917,596 shares of the company's stock valued at $40,117,000 after buying an additional 35,888 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of John Wiley & Sons in the fourth quarter worth about $34,916,000. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Stock Performance

Shares of WLY stock traded up $0.65 during trading on Friday, reaching $42.12. The company had a trading volume of 93,115 shares, compared to its average volume of 355,732. The firm's 50 day simple moving average is $42.20 and its two-hundred day simple moving average is $45.54. John Wiley & Sons, Inc. has a one year low of $34.85 and a one year high of $53.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. The company has a market capitalization of $2.27 billion, a PE ratio of -46.30 and a beta of 0.86.

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

John Wiley & Sons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, April 8th. John Wiley & Sons's dividend payout ratio (DPR) is 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.