Commonwealth Equity Services LLC Cuts Position in John Wiley & Sons, Inc. (NYSE:WLY)

Commonwealth Equity Services LLC lowered its position in John Wiley & Sons, Inc. (NYSE:WLY) by 12.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,351 shares of the company’s stock after selling 1,079 shares during the quarter. Commonwealth Equity Services LLC’s holdings in John Wiley & Sons were worth $299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of John Wiley & Sons by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock worth $29,000 after acquiring an additional 371 shares in the last quarter. Adirondack Trust Co. raised its holdings in John Wiley & Sons by 23.5% during the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after purchasing an additional 400 shares in the last quarter. Penbrook Management LLC purchased a new stake in shares of John Wiley & Sons during the 1st quarter worth approximately $210,000. Bayesian Capital Management LP acquired a new position in shares of John Wiley & Sons in the 1st quarter valued at $212,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of John Wiley & Sons in the 1st quarter valued at $226,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

Shares of NYSE:WLY opened at $46.62 on Tuesday. John Wiley & Sons, Inc. has a 12 month low of $28.83 and a 12 month high of $49.20. The firm has a market capitalization of $2.54 billion, a P/E ratio of -12.81 and a beta of 0.86. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. The company’s fifty day moving average price is $46.18 and its 200 day moving average price is $41.33.

John Wiley & Sons (NYSE:WLY) last posted its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.08). The firm had revenue of $403.81 million during the quarter, compared to analysts’ expectations of $387.40 million. John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. As a group, sell-side analysts predict that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were given a $0.3525 dividend. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 9th. This represents a $1.41 annualized dividend and a yield of 3.02%. John Wiley & Sons’s dividend payout ratio is -38.74%.

About John Wiley & Sons

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.