John Wiley & Sons, Inc. (NYSE:WLY) Position Lowered by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co decreased its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,198 shares of the company’s stock after selling 3,096 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in John Wiley & Sons were worth $2,282,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of WLY. Summit Investment Advisors Inc. raised its stake in John Wiley & Sons by 18.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,175 shares of the company’s stock worth $182,000 after acquiring an additional 645 shares during the period. Sterling Capital Management LLC raised its stake in John Wiley & Sons by 686.1% during the fourth quarter. Sterling Capital Management LLC now owns 621 shares of the company’s stock worth $27,000 after acquiring an additional 542 shares during the period. Raymond James Financial Inc. acquired a new stake in John Wiley & Sons during the fourth quarter worth about $34,916,000. Invesco Ltd. raised its stake in John Wiley & Sons by 4.8% during the fourth quarter. Invesco Ltd. now owns 664,390 shares of the company’s stock worth $29,040,000 after acquiring an additional 30,389 shares during the period. Finally, Wells Fargo & Company MN raised its stake in John Wiley & Sons by 48.9% during the fourth quarter. Wells Fargo & Company MN now owns 116,687 shares of the company’s stock worth $5,100,000 after acquiring an additional 38,341 shares during the period. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

WLY opened at $43.55 on Monday. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -47.86 and a beta of 0.86. John Wiley & Sons, Inc. has a fifty-two week low of $34.85 and a fifty-two week high of $53.96. The company’s 50-day moving average price is $42.63 and its 200 day moving average price is $45.05. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.45 by $0.39. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The company had revenue of $404.63 million for the quarter, compared to analyst estimates of $401.10 million. As a group, sell-side analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were paid a $0.3525 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.41 annualized dividend and a dividend yield of 3.24%. John Wiley & Sons’s payout ratio is currently 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.