Envestnet Asset Management Inc. Sells 495 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Envestnet Asset Management Inc. trimmed its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,470 shares of the company’s stock after selling 495 shares during the quarter. Envestnet Asset Management Inc.’s holdings in John Wiley & Sons were worth $938,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of John Wiley & Sons during the 4th quarter valued at about $34,916,000. River Global Investors LLP acquired a new stake in shares of John Wiley & Sons during the fourth quarter worth approximately $7,174,000. JPMorgan Chase & Co. raised 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 valued at $30,925,000 after acquiring an additional 145,270 shares during the last quarter. Victory Capital Management Inc. grew its position 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 worth $5,657,000 after acquiring an additional 93,661 shares during the last quarter. Finally, Norges Bank acquired a new position in John Wiley & Sons in the fourth quarter worth $3,201,000. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

John Wiley & Sons stock opened at $43.69 on Friday. 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 capitalization of $2.35 billion, a price-to-earnings ratio of -48.01 and a beta of 0.86. John Wiley & Sons, Inc. has a 12-month low of $34.85 and a 12-month high of $53.96. The stock has a 50-day simple moving average of $42.94 and a 200 day simple moving average of $44.95.

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

John Wiley & Sons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Tuesday, April 8th. John Wiley & Sons’s dividend payout ratio is presently 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.