Alliancebernstein L.P. Cuts Stock Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Alliancebernstein L.P. lessened its position in John Wiley & Sons, Inc. (NYSE:WLY) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,068 shares of the company’s stock after selling 2,900 shares during the quarter. Alliancebernstein L.P.’s holdings in John Wiley & Sons were worth $1,708,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in John Wiley & Sons during the 4th quarter worth $112,000. O Shaughnessy Asset Management LLC lifted its stake in shares of John Wiley & Sons by 5.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 36,478 shares of the company’s stock worth $1,594,000 after buying an additional 1,969 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in John Wiley & Sons by 18.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,381 shares of the company’s stock worth $279,000 after acquiring an additional 1,009 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in John Wiley & Sons during the 4th quarter valued at about $264,000. Finally, Norges Bank acquired a new stake in John Wiley & Sons in the 4th quarter valued at about $3,201,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

John Wiley & Sons Trading Up 0.9 %

Shares of John Wiley & Sons stock opened at $42.78 on Friday. John Wiley & Sons, Inc. has a 1-year low of $34.85 and a 1-year high of $53.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market cap of $2.30 billion, a P/E ratio of -47.01 and a beta of 0.86. The stock’s 50 day simple moving average is $42.33 and its 200-day simple moving average is $45.39.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.84 earnings per share 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 business had revenue of $404.63 million during the quarter, compared to analysts’ expectations of $401.10 million. Analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Tuesday, April 8th will be issued a $0.3525 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.41 annualized dividend and a dividend yield of 3.30%. John Wiley & Sons’s dividend payout ratio is presently 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.