Clarkston Capital Partners LLC Sells 116,511 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 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,283,331 shares of the company's stock after selling 116,511 shares during the quarter. John Wiley & Sons accounts for approximately 2.9% of Clarkston Capital Partners LLC's portfolio, making the stock its 12th largest position. Clarkston Capital Partners LLC owned about 6.05% of John Wiley & Sons worth $158,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of John Wiley & Sons during the first quarter valued at approximately $252,000. Russell Investments Group Ltd. boosted its holdings in John Wiley & Sons by 36.9% in the first quarter. Russell Investments Group Ltd. now owns 58,568 shares of the company's stock worth $2,233,000 after purchasing an additional 15,779 shares during the last quarter. US Bancorp DE increased its position in shares of John Wiley & Sons by 448.0% during the 1st quarter. US Bancorp DE now owns 11,174 shares of the company's stock valued at $426,000 after purchasing an additional 9,135 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in John Wiley & Sons by 5.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,826 shares of the company's stock valued at $497,000 after purchasing an additional 640 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of John Wiley & Sons in the first quarter worth approximately $482,000. Hedge funds and other institutional investors own 73.94% of the company's stock.

Insider Buying and Selling at John Wiley & Sons

In other news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the sale, the executive vice president now owns 8,978 shares of the company's stock, valued at approximately $443,602.98. This represents a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by company insiders.

John Wiley & Sons Price Performance

Shares of WLY traded down $0.77 during mid-day trading on Monday, reaching $50.66. The stock had a trading volume of 231,846 shares, compared to its average volume of 339,780. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57. The business has a fifty day moving average of $48.99 and a 200 day moving average of $44.70. John Wiley & Sons, Inc. has a 12 month low of $29.04 and a 12 month high of $53.79. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of -25.66 and a beta of 0.85.

John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The company had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. During the same quarter in the prior year, the company posted $0.27 EPS. John Wiley & Sons's revenue was down 10.5% compared to the same quarter last year.

John Wiley & Sons Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a dividend of $0.352 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 annualized dividend and a yield of 2.78%. John Wiley & Sons's dividend payout ratio (DPR) is currently -70.50%.

John Wiley & Sons Company Profile

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.