Prudential Financial Inc. Lowers Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Prudential Financial Inc. reduced its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,070 shares of the company's stock after selling 8,930 shares during the quarter. Prudential Financial Inc. owned approximately 0.08% of John Wiley & Sons worth $1,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Corebridge Financial Inc. grew its position in John Wiley & Sons by 1.9% during the fourth quarter. Corebridge Financial Inc. now owns 21,294 shares of the company's stock valued at $931,000 after buying an additional 394 shares during the period. Vanguard Group Inc. raised its holdings in shares of John Wiley & Sons by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,318,812 shares of the company's stock worth $232,485,000 after purchasing an additional 21,748 shares during the period. Fox Run Management L.L.C. purchased a new position in John Wiley & Sons in the fourth quarter valued at approximately $659,000. KLP Kapitalforvaltning AS purchased a new stake in John Wiley & Sons in the fourth quarter worth $361,000. Finally, Sei Investments Co. raised its stake in shares of John Wiley & Sons by 9.3% in the fourth quarter. Sei Investments Co. now owns 28,064 shares of the company's stock valued at $1,227,000 after buying an additional 2,392 shares during the period. Hedge funds and other institutional investors own 73.94% of the company's stock.

John Wiley & Sons Stock Performance

John Wiley & Sons stock traded up $3.15 during midday trading on Wednesday, reaching $42.87. The stock had a trading volume of 542,587 shares, compared to its average volume of 356,844. The firm has a market capitalization of $2.31 billion, a PE ratio of -47.11 and a beta of 0.86. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26. The firm's 50-day moving average price is $42.13 and its 200 day moving average price is $45.62. John Wiley & Sons, Inc. has a 12 month low of $34.85 and a 12 month high of $53.96.

John Wiley & Sons (NYSE:WLY - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.39. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The business had revenue of $404.63 million during the quarter, compared to analyst estimates of $401.10 million. As a group, research analysts predict that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal 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 $0.3525 dividend. This represents a $1.41 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Tuesday, April 8th. John Wiley & Sons's payout ratio is 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.