Cerity Partners LLC Sells 7,181 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Cerity Partners LLC decreased its position in John Wiley & Sons, Inc. (NYSE:WLY) by 45.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,579 shares of the company’s stock after selling 7,181 shares during the quarter. Cerity Partners LLC’s holdings in John Wiley & Sons were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of WLY. Raymond James Financial Inc. bought a new stake in John Wiley & Sons in the 4th quarter worth $34,916,000. River Global Investors LLP bought a new stake in shares of John Wiley & Sons in the fourth quarter worth about $7,174,000. JPMorgan Chase & Co. grew its stake in shares of John Wiley & Sons by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 640,940 shares of the company’s stock worth $30,925,000 after purchasing an additional 145,270 shares during the last quarter. Victory Capital Management Inc. increased its holdings in John Wiley & Sons by 261.9% during the 4th quarter. Victory Capital Management Inc. now owns 129,423 shares of the company’s stock valued at $5,657,000 after purchasing an additional 93,661 shares during the period. Finally, Norges Bank bought a new position in John Wiley & Sons during the 4th quarter valued at approximately $3,201,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

Shares of WLY stock opened at $42.77 on Wednesday. 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 stock has a market cap of $2.30 billion, a price-to-earnings ratio of -47.00 and a beta of 0.86. The business’s fifty day moving average is $42.45 and its 200 day moving average is $45.21. John Wiley & Sons, Inc. has a twelve month low of $34.85 and a twelve month high of $53.96.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.39. The business had revenue of $404.63 million for the quarter, compared to analysts’ expectations of $401.10 million. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. Research analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th will be paid a $0.3525 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.30%. John Wiley & Sons’s payout ratio is currently 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.