Meredith Corporation (MDP) : Weaver C. Barksdale Associates scooped up 84 additional shares in Meredith Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 17,240 shares of Meredith Corporation which is valued at $865,448.Meredith Corporation makes up approximately 1.49% of Weaver C. Barksdale Associates’s portfolio.
Other Hedge Funds, Including , Creative Planning boosted its stake in MDP in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 512 shares of Meredith Corporation which is valued at $25,702.Oregon Public Employees Retirement Fund boosted its stake in MDP in the latest quarter, The investment management firm added 259 additional shares and now holds a total of 12,913 shares of Meredith Corporation which is valued at $661,146. Meredith Corporation makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio. Simplex Trading added MDP to its portfolio by purchasing 798 company shares during the most recent quarter which is valued at $40,610. Meredith Corporation makes up approx 0.01% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in MDP by selling 7,510 shares or 28.78% in the most recent quarter. The Hedge Fund company now holds 18,582 shares of MDP which is valued at $964,034.
Meredith Corporation closed down -1 points or -1.95% at $50.2 with 1,28,798 shares getting traded on Tuesday. Post opening the session at $51.17, the shares hit an intraday low of $49.96 and an intraday high of $51.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Meredith Corporation reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.03. The company had revenue of $435.80 million for the quarter, compared to analysts expectations of $437.57 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.
Many Wall Street Analysts have commented on Meredith Corporation. Company shares were Reiterated by The Benchmark Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $57 .
Meredith Corporation is a media and marketing company. The Company operates two business segments namely local media and national media. Its national media segment includes national consumer media brands delivered via multiple media platforms including print magazines and digital and mobile media brand licensing activities database-related activities and business-to-business marketing products and services. The local media segment consists of the operations of network-affiliated television stations related digital and mobile media and video creation operations. Local media segment consists of 14 owned television stations and one operated television station located across the United States in digital and mobile media and a national video creation unit.