Clarkston Capital Partners LLC Reduces Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Clarkston Capital Partners LLC trimmed its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 3.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,283,331 shares of the company’s stock after selling 116,511 shares during the quarter. John Wiley & Sons makes up 2.9% of Clarkston Capital Partners LLC’s holdings, making the stock its 12th biggest holding. Clarkston Capital Partners LLC owned approximately 0.06% of John Wiley & Sons worth $158,421,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WLY. Dimensional Fund Advisors LP boosted its stake in John Wiley & Sons by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,924,498 shares of the company’s stock worth $78,326,000 after buying an additional 90,693 shares during the period. Bank of New York Mellon Corp grew its holdings in John Wiley & Sons by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,302,764 shares of the company’s stock valued at $53,022,000 after purchasing an additional 24,215 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in John Wiley & Sons by 1.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 987,612 shares of the company’s stock worth $40,196,000 after purchasing an additional 15,372 shares during the period. Raymond James & Associates lifted its stake in John Wiley & Sons by 19.5% in the second quarter. Raymond James & Associates now owns 501,891 shares of the company’s stock worth $20,427,000 after purchasing an additional 81,968 shares during the last quarter. Finally, Ceredex Value Advisors LLC boosted its position in shares of John Wiley & Sons by 3.0% during the second quarter. Ceredex Value Advisors LLC now owns 218,299 shares of the company’s stock valued at $8,885,000 after buying an additional 6,400 shares during the period. Institutional investors own 73.94% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total value of $114,532.38. Following the completion of the sale, the executive vice president now owns 8,978 shares in the company, valued at approximately $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

John Wiley & Sons Price Performance

Shares of NYSE WLY opened at $51.43 on Monday. John Wiley & Sons, Inc. has a fifty-two week low of $29.04 and a fifty-two week high of $53.79. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average price is $48.99 and its 200-day moving average price is $44.65.

John Wiley & Sons (NYSE:WLY) last released 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). The business had revenue of $403.81 million during 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 for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS.

John Wiley & Sons Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a $0.352 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 annualized dividend and a yield of 2.74%. John Wiley & Sons’s dividend payout ratio (DPR) is -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.