John Wiley & Sons, Inc. (NYSE:WLY) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 28.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,027 shares of the company’s stock after selling 58,862 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.27% of John Wiley & Sons worth $7,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WLY. SG Americas Securities LLC acquired a new stake in shares of John Wiley & Sons in the first quarter valued at approximately $252,000. 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 valued at $2,233,000 after purchasing an additional 15,779 shares during the period. US Bancorp DE boosted its holdings in shares of John Wiley & Sons by 448.0% in the first quarter. US Bancorp DE now owns 11,174 shares of the company’s stock valued at $426,000 after acquiring an additional 9,135 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of John Wiley & Sons by 5.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,826 shares of the company’s stock valued at $497,000 after acquiring an additional 640 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of John Wiley & Sons by 33.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,407 shares of the company’s stock valued at $976,000 after acquiring an additional 6,390 shares in the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

Insider Buying and Selling

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction that occurred on 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 in the company, valued at $443,602.98. This represents a 20.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.62% of the company’s stock.

John Wiley & Sons Price Performance

John Wiley & Sons stock opened at $50.07 on Thursday. The firm has a 50 day simple moving average of $49.28 and a 200-day simple moving average of $44.87. 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 $53.79.

John Wiley & Sons (NYSE:WLY) last issued its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). The business had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share.

John Wiley & Sons Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $0.352 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s dividend payout ratio 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.