Meredith Corp (NYSE:MDP): Institutional Investor Sentiment Up to 1.23

July 18, 2017 - By reb123z

 Meredith Corp (NYSE:MDP): Institutional Investor Sentiment Up to 1.23

Sentiment for Meredith Corp (NYSE:MDP)

Meredith Corp (NYSE:MDP) institutional sentiment increased to 1.23 in 2016 Q4. Its up 0.22, from 1.01 in 2016Q3. The ratio has increased, as 106 active investment managers opened new or increased positions, while 86 sold and trimmed holdings in Meredith Corp. The active investment managers in our partner’s database now have: 39.10 million shares, up from 36.82 million shares in 2016Q3. Also, the number of active investment managers holding Meredith Corp in their top 10 positions increased from 2 to 4 for an increase of 2. Sold All: 22 Reduced: 64 Increased: 75 New Position: 31.

Meredith Corporation is a diversified media company. The company has market cap of $2.58 billion. The Firm is focused primarily on the home and family marketplace. It has a 50.26 P/E ratio. The Firm operates through two divisions: Local Media and National Media.

The stock decreased 0.55% or $0.33 on July 17, reaching $58.85. About shares traded. Meredith Corporation (NYSE:MDP) has risen 11.82% since July 18, 2016 and is uptrending. It has underperformed by 4.88% the S&P500.

Analysts expect Meredith Corporation (NYSE:MDP) to report $0.96 EPS on July, 27.They anticipate $0.12 EPS change or 11.11 % from last quarter’s $1.08 EPS. MDP’s profit would be $42.09M giving it 15.33 P/E if the $0.96 EPS is correct. After having $0.87 EPS previously, Meredith Corporation’s analysts see 10.34 % EPS growth.

Bar Harbor Trust Services holds 3.64% of its portfolio in Meredith Corporation for 118,150 shares. Wallace Capital Management Inc. owns 249,055 shares or 2.67% of their US portfolio. Moreover, Copper Rock Capital Partners Llc has 2.64% invested in the company for 696,163 shares. The New York-based Hamlin Capital Management Llc has invested 2.42% in the stock. Tealwood Asset Management Inc, a Minnesota-based fund reported 86,774 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 4 selling transactions for $527,218 activity.

Meredith Corporation (NYSE:MDP) Ratings Coverage

Ratings analysis reveals 33% of Meredith Corporation’s analysts are positive. Out of 6 Wall Street analysts rating Meredith Corporation, 2 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $40 while the high is $65. The stock’s average target of $54.75 is -6.97% below today’s ($58.85) share price. MDP was included in 16 notes of analysts from July 21, 2015. The firm has “Buy” rating by Benchmark given on Friday, July 29. On Monday, June 5 the stock rating was upgraded by Benchmark to “Buy”. The stock of Meredith Corporation (NYSE:MDP) earned “Hold” rating by Benchmark on Thursday, March 23. The stock has “Hold” rating by Jefferies on Thursday, June 1. The firm has “Hold” rating by Benchmark given on Thursday, January 26. The firm has “Hold” rating by Jefferies given on Thursday, July 6. The stock of Meredith Corporation (NYSE:MDP) has “Buy” rating given on Tuesday, May 2 by Citigroup. The firm earned “Hold” rating on Wednesday, December 16 by Gabelli. The stock of Meredith Corporation (NYSE:MDP) has “Hold” rating given on Monday, September 21 by Zacks. The rating was initiated by Jefferies with “Hold” on Tuesday, July 21.

More recent Meredith Corporation (NYSE:MDP) news were published by: Prnewswire.com which released: “Meredith Corporation To Report Fiscal 2017 And Fourth Quarter Results” on July 12, 2017. Also Nasdaq.com published the news titled: “Meredith Strategic Initiatives Bode well: Should you Hold?” on June 30, 2017. Seekingalpha.com‘s news article titled: “Report: Time Inc. likely will still sell; Bezos kicked tires” with publication date: July 13, 2017 was also an interesting one.

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