John Wiley & Sons, Inc. (NYSE:WLY) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 5.8% during the 4th quarter, Holdings Channel reports. The firm owned 19,509 shares of the company’s stock after selling 1,210 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in John Wiley & Sons were worth $619,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Schroder Investment Management Group boosted its position in John Wiley & Sons by 66.7% during the third quarter. Schroder Investment Management Group now owns 1,099,511 shares of the company’s stock worth $40,869,000 after acquiring an additional 439,837 shares during the last quarter. Vanguard Group Inc. boosted its position in John Wiley & Sons by 2.3% during the third quarter. Vanguard Group Inc. now owns 5,466,223 shares of the company’s stock worth $203,180,000 after acquiring an additional 123,637 shares during the last quarter. Clark Estates Inc. NY acquired a new position in John Wiley & Sons during the third quarter worth about $3,345,000. Tudor Investment Corp Et Al boosted its position in John Wiley & Sons by 853.0% during the third quarter. Tudor Investment Corp Et Al now owns 77,030 shares of the company’s stock worth $2,863,000 after acquiring an additional 68,947 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in John Wiley & Sons by 633.6% during the third quarter. Trexquant Investment LP now owns 78,088 shares of the company’s stock worth $2,903,000 after acquiring an additional 67,444 shares during the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

Insiders Place Their Bets

In other John Wiley & Sons news, EVP Jay Flynn sold 6,114 shares of John Wiley & Sons stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total transaction of $237,345.48. Following the transaction, the executive vice president now directly owns 8,069 shares of the company’s stock, valued at $313,238.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by insiders.

John Wiley & Sons Stock Performance

WLY opened at $37.95 on Friday. The firm has a market capitalization of $2.08 billion, a PE ratio of -13.18 and a beta of 0.91. John Wiley & Sons, Inc. has a twelve month low of $28.83 and a twelve month high of $40.23. The firm’s 50-day moving average price is $36.43 and its 200 day moving average price is $33.35. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.20.

John Wiley & Sons (NYSE:WLY) last issued its earnings results on Thursday, March 7th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.14. John Wiley & Sons had a negative net margin of 8.14% and a positive return on equity of 18.83%. The company had revenue of $460.70 million for the quarter, compared to the consensus estimate of $392.60 million. During the same period in the previous year, the firm earned $0.85 earnings per share. John Wiley & Sons’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that John Wiley & Sons, Inc. will post 2.55 EPS for the current fiscal year.

John Wiley & Sons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Monday, April 8th. John Wiley & Sons’s dividend payout ratio (DPR) is presently -48.61%.

John Wiley & Sons 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.