John Wiley & Sons, Inc. (NYSE:WLY) Position Cut by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,473 shares of the company’s stock after selling 2,013 shares during the period. Rhumbline Advisers’ holdings in John Wiley & Sons were worth $5,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Hsbc Holdings PLC increased its holdings in shares of John Wiley & Sons by 3.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,349 shares of the company’s stock valued at $322,000 after purchasing an additional 257 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of John Wiley & Sons by 10.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company’s stock worth $161,000 after buying an additional 350 shares in the last quarter. Corebridge Financial Inc. lifted its stake in shares of John Wiley & Sons by 1.9% in the 4th quarter. Corebridge Financial Inc. now owns 21,294 shares of the company’s stock worth $931,000 after acquiring an additional 394 shares during the period. Blue Trust Inc. boosted its holdings in shares of John Wiley & Sons by 114.6% in the fourth quarter. Blue Trust Inc. now owns 749 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Finally, Access Investment Management LLC boosted its holdings in shares of John Wiley & Sons by 0.7% in the fourth quarter. Access Investment Management LLC now owns 67,325 shares of the company’s stock valued at $2,943,000 after acquiring an additional 455 shares in the last quarter. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Price Performance

Shares of NYSE:WLY opened at $38.57 on Friday. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -42.38 and a beta of 0.88. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. John Wiley & Sons, Inc. has a 12 month low of $37.30 and a 12 month high of $53.96. The stock’s 50 day moving average price is $41.89 and its 200 day moving average price is $43.01.

John Wiley & Sons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.3525 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.66%. 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.