US Bancorp DE Trims Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

US Bancorp DE reduced its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 3.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,882 shares of the company’s stock after selling 350 shares during the period. US Bancorp DE’s holdings in John Wiley & Sons were worth $525,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WLY. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of John Wiley & Sons by 7.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,046 shares of the company’s stock worth $778,000 after acquiring an additional 1,537 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of John Wiley & Sons during the first quarter valued at approximately $252,000. Oppenheimer & Co. Inc. purchased a new stake in shares of John Wiley & Sons during the first quarter valued at approximately $226,000. Russell Investments Group Ltd. increased its stake in shares of John Wiley & Sons by 36.9% in the first quarter. Russell Investments Group Ltd. now owns 58,568 shares of the company’s stock worth $2,233,000 after buying an additional 15,779 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of John Wiley & Sons by 21.6% in the first quarter. William Blair Investment Management LLC now owns 1,060,573 shares of the company’s stock worth $40,440,000 after buying an additional 188,211 shares during the last quarter. 73.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Danielle Mcmahan sold 2,318 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the completion of the sale, the executive vice president now owns 8,978 shares of the company’s stock, valued at $443,602.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

John Wiley & Sons Stock Up 1.9 %

Shares of NYSE:WLY opened at $53.14 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. John Wiley & Sons, Inc. has a 12-month low of $29.04 and a 12-month high of $53.37. The company has a fifty day simple moving average of $48.36 and a 200 day simple moving average of $44.19. The firm has a market cap of $2.88 billion, a PE ratio of -26.57 and a beta of 0.85.

John Wiley & Sons (NYSE:WLY) last released 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). John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The business had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. During the same quarter in the previous year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.352 per share. This represents a $1.41 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s dividend payout ratio (DPR) is -70.50%.

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.