Meredith Corporation (NYSE:MDP) is expected to pay $0.50 on Dec 15, 2016. The indicated annual dividend is $1.98. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Meredith Corporation’s current price of $54.30, the dividend is 0.91%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 11, 2016. The stock increased 0.56% or $0.3 on November 25, hitting $54.3. About 107,334 shares traded hands. Meredith Corporation (NYSE:MDP) has risen 12.49% since April 25, 2016 and is uptrending. It has outperformed by 6.48% the S&P500.
Meredith Corporation is a diversified media company. The company has a market cap of $2.41 billion. The Firm is focused primarily on the home and family marketplace. It has a 44.57 P/E ratio. The Firm operates through two divisions: Local Media and National Media.
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 1.07, from 2.08 in 2016Q1. The ratio dropped, 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.
Mutual Of America Mngmt Ltd Llc holds 0.03% of its portfolio in Meredith Corporation (NYSE:MDP) for 28,016 shares. Princeton Alpha Mgmt L P reported 17,454 shares or 0.16% of all its holdings. State Treasurer State Of Michigan, a Michigan-based fund reported 15,100 shares. Dean Invest Associates Limited Liability Company accumulated 43,385 shares or 0.44% of the stock. Goldman Sachs Grp last reported 0% of its portfolio in the stock. Iowa Bank & Trust holds 11,302 shares or 0.26% of its portfolio. Teachers Retirement Sys Of The State Of Kentucky reported 7,400 shares or 0.01% of all its holdings. Acadian Asset holds 0% of its portfolio in Meredith Corporation (NYSE:MDP) for 98 shares. North Star Mngmt Corp holds 0.29% of its portfolio in Meredith Corporation (NYSE:MDP) for 30,025 shares. Principal Financial Gp has 0.01% invested in the company for 143,569 shares. The California-based Schwab Charles Invest Management Inc has invested 0.02% in Meredith Corporation (NYSE:MDP). Barclays Plc has 0% invested in the company for 722 shares. Hancock reported 42,900 shares or 0.09% of all its holdings. State Teachers Retirement System has 80,161 shares for 0.01% of their US portfolio. Texas Permanent School Fund holds 0.02% or 28,765 shares in its portfolio.
Insider Transactions: Since June 10, 2016, the stock had 2 buys, and 9 insider sales for $5.74 million net activity. Shares for $800,701 were bought by MEREDITH EDWIN T IV on Friday, June 10. The insider ZIESER JOHN S sold 1,206 shares worth $66,330. 25,410 shares with value of $1.36M were sold by KARPOWICZ PAUL on Friday, November 18. MEREDITH KATHERINE C sold 31,256 shares worth $1.60M. The insider FRAZIER MEREDITH D MELL bought $800,701. 998 shares were sold by HENRY FREDERICK B, worth $51,896 on Monday, November 14. $246,526 worth of shares were sold by Ceryanec Joseph H on Saturday, August 13.
Meredith Corporation (NYSE:MDP) Ratings Coverage
Out of 5 analysts covering Meredith Corporation (NYSE:MDP), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Meredith Corporation has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, November 18 by Stephens. On Tuesday, July 21 the stock rating was initiated by Jefferies with “Hold”. The rating was upgraded by Gabelli on Wednesday, December 16 to “Hold”. As per Friday, July 29, the company rating was maintained by Benchmark. As per Monday, September 21, the company rating was upgraded by Zacks.
More important recent Meredith Corporation (NYSE:MDP) news were published by: Prnewswire.com which released: “Meredith Corporation And Can Manufacturers Institute Join To Show Women The …” on July 21, 2016, also Prnewswire.com published article titled: “Meredith Corporation Delivers Record Fiscal 2017 First Quarter Results”, Nasdaq.com published: “Meredith Corporation (MDP) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. More interesting news about Meredith Corporation (NYSE:MDP) was released by: Equitiesfocus.com and their article: “Meredith Corporation (NYSE:MDP) Stock Gets Revised Target Of $54.25” with publication date: November 25, 2016.
MDP Company Profile
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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