Brown Brothers Harriman & Co. Has $481,000 Stake in John Wiley & Sons, Inc. (NYSE:WLY)

Brown Brothers Harriman & Co. cut its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,000 shares of the company’s stock after selling 1,500 shares during the period. Brown Brothers Harriman & Co.’s holdings in John Wiley & Sons were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Berry Wealth Group LP lifted its holdings in shares of John Wiley & Sons by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock valued at $218,000 after purchasing an additional 255 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in John Wiley & Sons by 0.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,284 shares of the company’s stock valued at $4,742,000 after acquiring an additional 342 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in John Wiley & Sons by 10.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company’s stock valued at $161,000 after acquiring an additional 350 shares in the last quarter. Corebridge Financial Inc. boosted its position in John Wiley & Sons by 1.9% during 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 last quarter. Finally, Blue Trust Inc. grew its stake in shares of John Wiley & Sons by 114.6% during the 4th quarter. Blue Trust Inc. now owns 749 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

Shares of WLY stock opened at $44.46 on Monday. John Wiley & Sons, Inc. has a 12 month low of $34.85 and a 12 month high of $53.96. The company’s fifty day simple moving average is $42.09 and its 200-day simple moving average is $45.83. The firm has a market cap of $2.39 billion, a PE ratio of -48.85 and a beta of 0.82. 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 issued its quarterly earnings results on Thursday, March 6th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.45 by $0.39. The firm had revenue of $404.63 million for the quarter, compared to analysts’ expectations of $401.10 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. Equities research analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Announces Dividend

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

John Wiley & Sons 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.