Cornercap Investment Counsel Inc. Sells 2,609 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Cornercap Investment Counsel Inc. reduced its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 23.7% in the 4th quarter, Holdings Channel reports. The fund owned 8,391 shares of the company’s stock after selling 2,609 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in John Wiley & Sons were worth $367,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WLY. Blue Trust Inc. grew its position in shares of John Wiley & Sons by 114.6% in the 4th quarter. Blue Trust Inc. now owns 749 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Nisa Investment Advisors LLC lifted its stake in John Wiley & Sons by 2,578.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock valued at $151,000 after buying an additional 3,300 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of John Wiley & Sons by 21.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the company’s stock valued at $151,000 after buying an additional 603 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of John Wiley & Sons by 10.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company’s stock worth $161,000 after acquiring an additional 350 shares in the last quarter. Finally, Berry Wealth Group LP raised its holdings in shares of John Wiley & Sons by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock worth $218,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Trading Down 0.8 %

WLY opened at $44.46 on Friday. The stock has a market capitalization of $2.39 billion, a P/E ratio of -48.85 and a beta of 0.82. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26. John Wiley & Sons, Inc. has a 12 month low of $34.85 and a 12 month high of $53.96. The firm’s fifty day simple moving average is $42.09 and its 200 day simple moving average is $45.81.

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

John Wiley & Sons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.3525 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.41 annualized dividend and a dividend yield of 3.17%. John Wiley & Sons’s dividend payout ratio is currently 190.54%.

John Wiley & Sons Company Profile

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.