Advisors Asset Management Inc. Reduces Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Advisors Asset Management Inc. decreased its holdings in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 28.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,027 shares of the company's stock after selling 58,862 shares during the period. Advisors Asset Management Inc. owned about 0.27% of John Wiley & Sons worth $7,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UniSuper Management Pty Ltd acquired a new position in shares of John Wiley & Sons during the first quarter worth $532,000. Tidal Investments LLC grew its stake in shares of John Wiley & Sons by 257.7% during the first quarter. Tidal Investments LLC now owns 24,296 shares of the company's stock worth $925,000 after purchasing an additional 17,504 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of John Wiley & Sons by 36.9% during 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 in the last quarter. Wedge Capital Management L L P NC purchased a new stake in John Wiley & Sons in the second quarter valued at $1,240,000. Finally, Acadian Asset Management LLC purchased a new stake in John Wiley & Sons in the second quarter valued at $1,418,000. Institutional investors and hedge funds 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 that occurred on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the transaction, the executive vice president now directly owns 8,978 shares of the company's stock, valued at approximately $443,602.98. This represents a 20.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.62% of the company's stock.

John Wiley & Sons Stock Performance

WLY traded up $0.25 on Thursday, reaching $50.32. The company had a trading volume of 27,191 shares, compared to its average volume of 337,386. The stock has a 50-day moving average price of $49.42 and a 200-day moving average price of $44.91. The stock has a market capitalization of $2.73 billion, a PE ratio of -25.04 and a beta of 0.85. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.27. John Wiley & Sons, Inc. has a 1 year low of $29.04 and a 1 year high of $53.79.

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

John Wiley & Sons Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a $0.352 dividend. This represents a $1.41 annualized dividend and a yield of 2.80%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons's dividend payout ratio (DPR) is presently -70.50%.

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.