Charles Schwab Investment Management Inc. Has $33.05 Million Stock Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Charles Schwab Investment Management Inc. trimmed its position in shares of John Wiley & Sons, Inc. (NYSE:WLYFree Report) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 685,052 shares of the company’s stock after selling 2,362 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.26% of John Wiley & Sons worth $33,054,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of John Wiley & Sons by 39.2% in the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock worth $57,000 after acquiring an additional 334 shares during the period. Harbor Capital Advisors Inc. bought a new stake in John Wiley & Sons in the third quarter worth approximately $57,000. Skandinaviska Enskilda Banken AB publ bought a new stake in John Wiley & Sons in the second quarter worth approximately $60,000. Point72 DIFC Ltd bought a new stake in John Wiley & Sons in the second quarter worth approximately $100,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of John Wiley & Sons during the second quarter valued at approximately $121,000. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Trading Down 1.8 %

NYSE WLY opened at $49.85 on Wednesday. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -24.93 and a beta of 0.85. John Wiley & Sons, Inc. has a 52 week low of $29.04 and a 52 week high of $53.96. The business has a 50 day moving average price of $50.39 and a 200-day moving average price of $45.80. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.27.

John Wiley & Sons (NYSE:WLYGet Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.08). The firm had revenue of $403.81 million for the quarter, compared to the consensus estimate 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 company’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS.

John Wiley & Sons Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a dividend of $0.352 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 annualized dividend and a dividend yield of 2.82%. John Wiley & Sons’s payout ratio is -70.50%.

Insider Activity at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of John Wiley & Sons stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the transaction, the executive vice president now owns 8,978 shares of the company’s stock, valued at $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by insiders.

John Wiley & Sons Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for John Wiley & Sons (NYSE:WLY)

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