Meredith Corp (NYSE:MDP): Positive Stock Sentiment

November 7, 2017 - By Hazel Jackson

 Meredith Corp (NYSE:MDP): Positive Stock Sentiment

Sentiment for Meredith Corp (NYSE:MDP)

Meredith Corp (NYSE:MDP) institutional sentiment decreased to 1.31 in 2017 Q2. Its down -0.11, from 1.42 in 2017Q1. The ratio dived, as 118 hedge funds started new and increased holdings, while 90 sold and trimmed holdings in Meredith Corp. The hedge funds in our partner’s database now hold: 42.43 million shares, up from 41.46 million shares in 2017Q1. Also, the number of hedge funds holding Meredith Corp in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 31 Reduced: 59 Increased: 90 New Position: 28.

Meredith Corporation is a diversified media company. The company has market cap of $2.32 billion. The Firm is focused primarily on the home and family marketplace. It has a 12.5 P/E ratio. The Firm operates through two divisions: Local Media and National Media.

About 99,931 shares traded. Meredith Corporation (NYSE:MDP) has risen 11.82% since November 7, 2016 and is uptrending. It has underperformed by 4.88% the S&P500.

Bar Harbor Trust Services holds 3.56% of its portfolio in Meredith Corporation for 113,980 shares. Copper Rock Capital Partners Llc owns 696,163 shares or 2.64% of their US portfolio. Moreover, Tealwood Asset Management Inc has 1.97% invested in the company for 88,486 shares. The Florida-based Gyroscope Capital Management Group Llc has invested 1.66% in the stock. Channing Capital Management Llc, a Illinois-based fund reported 701,020 shares.#img1#

Meredith Corporation (NYSE:MDP) Ratings Coverage

Ratings analysis reveals 29% of Meredith Corporation’s analysts are positive. Out of 7 Wall Street analysts rating Meredith Corporation, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $40 while the high is $6800. The stock’s average target of $55.20 is 6.67% above today’s ($51.75) share price. MDP was included in 20 notes of analysts from July 21, 2015. The firm has “Hold” rating given on Tuesday, July 21 by Jefferies. Jefferies maintained Meredith Corporation (NYSE:MDP) rating on Monday, October 16. Jefferies has “Hold” rating and $60.0 target. On Thursday, June 1 the stock rating was maintained by Jefferies with “Hold”. Benchmark maintained the stock with “Hold” rating in Thursday, March 23 report. The firm has “Hold” rating given on Monday, September 21 by Zacks. Gabelli upgraded Meredith Corporation (NYSE:MDP) on Wednesday, December 16 to “Hold” rating. Benchmark maintained it with “Buy” rating and $62 target in Friday, July 29 report. The firm has “Hold” rating given on Thursday, July 6 by Jefferies. Benchmark upgraded Meredith Corporation (NYSE:MDP) rating on Monday, June 5. Benchmark has “Buy” rating and $6500 target. The firm earned “Buy” rating on Tuesday, May 2 by Citigroup.

More notable recent Meredith Corporation (NYSE:MDP) news were published by: Prnewswire.com which released: “Meredith Corporation To Report Fiscal 2018 First Quarter Results” on October 12, 2017, also Prnewswire.com with their article: “Meredith And Direct Wines Launch “Better Homes & Gardens Wine Club,” Bringing …” published on November 02, 2017, Prnewswire.com published: “Meredith Corporation Promotes Dina Nathanson to Senior Vice President of Human …” on November 06, 2017. More interesting news about Meredith Corporation (NYSE:MDP) were released by: Businessinsider.com and their article: “An obscure company is ground zero for the biggest debate in the stock market” published on October 17, 2017 as well as Gurufocus.com‘s news article titled: “Meredith Corp Launches “BH&G Insider” Membership Program, Granting Exclusive …” with publication date: November 07, 2017.

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