November 23, 2016 - By Linda Rogers
The President-Local Media Group of Meredith Corp, Paul Karpowicz not a long ago received nearly $1,358,942 USD for 25,410 shares in the Meredith Corp company at an around $53.5 per each share. Paul now has 66,759 shares accounting for 0.15% of the Company’s market cap This insider transaction, took place on 21-11-2016. It’s freely obtainable at the SEC’s website and can be accessed at this page.
Out of 5 analysts covering Meredith Corporation (NYSE:MDP), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $62 is the highest target while $40 is the lowest. The $49 average target is -9.69% below today’s ($54.26) stock price. Meredith Corporation has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Gabelli given on Wednesday, December 16. Jefferies initiated the stock with “Hold” rating in Tuesday, July 21 report. On Wednesday, November 18 the stock rating was initiated by Stephens with “Equal-Weight”. The firm earned “Buy” rating on Friday, July 29 by Benchmark. On Monday, September 21 the stock rating was upgraded by Zacks to “Hold”.
Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 1.07, from 2.08 in 2016Q1. The ratio fall, as 10 funds sold all Meredith Corporation shares owned while 51 reduced positions. 38 funds bought stakes while 89 increased positions. They now own 35.88 million shares or 4.87% more from 34.22 million shares in 2016Q1.
Credit Agricole S A accumulated 0% or 3,135 shares. Opus Capital Gp Ltd holds 0.05% of its portfolio in Meredith Corporation (NYSE:MDP) for 3,939 shares. Ny State Teachers Retirement System last reported 0.01% of its portfolio in the stock. Boston Private Wealth has 7,883 shares for 0.02% of their US portfolio. Mycio Wealth Partners Ltd Llc owns 35 shares or 0% of their US portfolio. Cutter Brokerage Inc has 0.2% invested in the company for 9,250 shares. Keybank National Association Oh reported 7,020 shares or 0% of all its holdings. Royal Financial Bank Of Canada reported 31,610 shares or 0% of all its holdings. Td Asset Mngmt last reported 25,954 shares in the company. Atlantic Tru Gp Lc, a Georgia-based fund reported 20,940 shares. Jnba Financial Advsr reported 4,200 shares or 0.06% of all its holdings. The California-based Schwab Charles Inv Mgmt Inc has invested 0.02% in Meredith Corporation (NYSE:MDP). Edmp Incorporated owns 7,111 shares or 0.36% of their US portfolio. Ridgeworth Cap Mngmt Ltd accumulated 26,538 shares or 0.01% of the stock. Aqr Ltd Llc last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since June 10, 2016, the stock had 2 insider buys, and 8 sales for $4.38 million net activity. ZIESER JOHN S sold $66,330 worth of Meredith Corporation (NYSE:MDP) on Thursday, August 18. HENRY FREDERICK B also sold $51,896 worth of Meredith Corporation (NYSE:MDP) shares. The insider LACY STEPHEN M sold 14,110 shares worth $763,334. FRAZIER MEREDITH D MELL bought 15,628 shares worth $800,701. $246,526 worth of Meredith Corporation (NYSE:MDP) was sold by Ceryanec Joseph H on Saturday, August 13. MEREDITH KATHERINE C sold 31,256 shares worth $1.60 million. On Friday, June 10 MEREDITH EDWIN T IV bought $800,701 worth of the stock or 15,628 shares.
About 178,826 shares traded hands. Meredith Corporation (NYSE:MDP) has risen 11.69% since April 20, 2016 and is uptrending. It has outperformed by 7.13% the S&P500.
Meredith Corporation is a diversified media company. The company has a market cap of $2.40 billion. The Firm is focused primarily on the home and family marketplace. It has a 44.53 P/E ratio. The Firm operates through two divisions: Local Media and National Media.
According to Zacks Investment Research, “Meredith Corp. has two business segments: publishing and broadcasting. The publishing segment includes magazine and book publishing, integrated marketing, interactive media, brand licensing, and other related operations. The broadcasting segment includes the operations of network-affiliated television stations and syndicated television program marketing and development. Virtually all of the company’s revenues are generated and assets reside within the United States.”
More important recent Meredith Corporation (NYSE:MDP) news were published by: Prnewswire.com which released: “Meredith Corporation Delivers Record Fiscal 2017 First Quarter Results” on October 27, 2016, also Prnewswire.com published article titled: “Meredith Corporation And Can Manufacturers Institute Join To Show Women The ..”, Prnewswire.com published: “Meredith To Increase Distribution To 600000 Copies For Premiere Issue Of The ..” on October 25, 2016. More interesting news about Meredith Corporation (NYSE:MDP) was released by: Valuewalk.com and their article: “Meredith Corporation (MDP): 23 Straight Years of Dividend Growth and a High Yield” with publication date: September 16, 2016.
Meredith Corporation, incorporated on August 09, 1905, is a diversified media company. The Firm is focused primarily on the home and family marketplace. The Firm operates through two divisions: Local Media and National Media. As of June 30, 2016, the Company’s Local Media segment includes 16 owned television stations, one managed television station and related digital and mobile media operations. The Company’s National Media segment includes magazine publishing, custom content and customer relationship marketing, digital and mobile media, brand licensing, database-related activities, and other related operations.
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By Linda Rogers