Discussion stirs around Meredith Corporation (NYSE:MDP) this week; here is what analysts are saying.

January 22, 2018 - By Dolores Ford

 Discussion stirs around Meredith Corporation (NYSE:MDP) this week; here is what analysts are saying.
Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.21, from 1.31 in 2017Q2. It fall, as 25 investors sold Meredith Corporation shares while 62 reduced holdings. 25 funds opened positions while 71 raised stakes. 41.98 million shares or 1.05% less from 42.43 million shares in 2017Q2 were reported.
Burney holds 0.09% in Meredith Corporation (NYSE:MDP) or 23,870 shares. Trexquant L P holds 4,936 shares or 0.07% of its portfolio. Eaton Vance stated it has 0.01% of its portfolio in Meredith Corporation (NYSE:MDP). Schwab Charles Inv Mgmt holds 0.02% of its portfolio in Meredith Corporation (NYSE:MDP) for 370,498 shares. Moreover, Wolverine Asset Mgmt Ltd Liability Com has 0% invested in Meredith Corporation (NYSE:MDP) for 488 shares. Amalgamated State Bank has 0.01% invested in Meredith Corporation (NYSE:MDP) for 5,331 shares. Loomis Sayles And Lp has invested 0% in Meredith Corporation (NYSE:MDP). 365,211 were reported by Systematic Management Limited Partnership. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,262 shares stake. 14 were reported by Cwm Ltd Llc. Blair William Il has 7,455 shares for 0% of their portfolio. Amg National Trust National Bank invested 0.02% in Meredith Corporation (NYSE:MDP). Gyroscope Capital Management Group Incorporated holds 1.56% of its portfolio in Meredith Corporation (NYSE:MDP) for 55,737 shares. Comerica Retail Bank reported 43,751 shares stake. Fisher Asset Limited Co invested in 0.07% or 928,746 shares.

Since July 31, 2017, it had 0 insider purchases, and 12 selling transactions for $7.47 million activity. Shares for $598,975 were sold by Harty Thomas H. MEREDITH EDWIN T IV sold 3,600 shares worth $252,360. The insider FRAZIER MEREDITH D MELL sold $1.55M. 5,894 shares were sold by KARPOWICZ PAUL, worth $338,508 on Thursday, August 10. $198,201 worth of Meredith Corporation (NYSE:MDP) was sold by ZIESER JOHN S on Wednesday, August 16.

Meredith Corporation (NYSE:MDP) Ratings Coverage

Among 8 analysts covering Meredith Corporation (NYSE:MDP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Meredith Corporation had 23 analyst reports since July 21, 2015 according to SRatingsIntel. Zacks upgraded Meredith Corporation (NYSE:MDP) on Monday, September 21 to “Hold” rating. The firm earned “Buy” rating on Tuesday, May 2 by Citigroup. The firm has “Hold” rating given on Tuesday, July 21 by Jefferies. As per Friday, July 29, the company rating was maintained by Benchmark. Jefferies maintained Meredith Corporation (NYSE:MDP) rating on Thursday, June 1. Jefferies has “Hold” rating and $6000 target. On Tuesday, November 28 the stock rating was upgraded by Jefferies to “Buy”. The stock of Meredith Corporation (NYSE:MDP) earned “Hold” rating by Gabelli on Wednesday, December 16. The stock of Meredith Corporation (NYSE:MDP) has “Hold” rating given on Thursday, January 26 by Benchmark. The stock has “Neutral” rating by Citigroup on Friday, December 1. The firm has “Equal-Weight” rating by Stephens given on Wednesday, November 18. Below is a list of Meredith Corporation (NYSE:MDP) latest ratings and price target changes.

01/12/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
28/11/2017 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade
13/11/2017 Broker: JMP Securities Rating: Market Perform Initiates Coverage On
27/10/2017 Broker: Wells Fargo Rating: Market Perform Old Target: $62 New Target: $54 Maintain
16/10/2017 Broker: Jefferies Rating: Hold New Target: $60.0 Maintain
11/09/2017 Broker: Jefferies Rating: Hold New Target: $60.0 Maintain
28/07/2017 Broker: Benchmark Rating: Buy New Target: $68.0000 Maintain

The stock decreased 0.22% or $0.15 during the last trading session, reaching $66.65. About 15,765 shares traded. Meredith Corporation (NYSE:MDP) has risen 11.82% since January 22, 2017 and is uptrending. It has underperformed by 4.88% the S&P500.

Meredith Corporation operates as a diversified media firm in the United States. The company has market cap of $2.64 billion. It operates in two divisions, Local Media and National Media. It has a 16.1 P/E ratio. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations.

More notable recent Meredith Corporation (NYSE:MDP) news were published by: Nytimes.com which released: “Meredith Bid for Time Inc. Said to Be Backed by Koch Brothers” on November 16, 2017, also Desmoinesregister.com with their article: “Meredith: Time Inc. editorial staff ‘absolutely’ safe in acquisition” published on December 05, 2017, Desmoinesregister.com published: “Meredith launches new Hungry Girl magazine” on January 09, 2018. More interesting news about Meredith Corporation (NYSE:MDP) were released by: Prnewswire.com and their article: “Meredith Corporation Announces Pricing Of Senior Notes And Allocation Of …” published on January 19, 2018 as well as Nypost.com‘s news article titled: “Meredith Corp. loses top execs amid cuts” with publication date: February 04, 2017.

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