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Meredith Corp. (NYSE:MDP) Insider Paul Karpowicz sold 30,070 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $45.46, for a total value of $1,366,982.20. Following the transaction, the insider now directly owns 26,323 shares in the company, valued at approximately $1,196,644. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Meredith Corp. (NYSE:MDP) traded up 0.77% during mid-day trading on Wednesday, hitting $45.00. The stock had a trading volume of 69,676 shares. Meredith Corp. has a one year low of $39.52 and a one year high of $53.84. The stock has a 50-day moving average of $45. and a 200-day moving average of $47.2. The company has a market cap of $2.006 billion and a price-to-earnings ratio of 19.01.

Meredith Corp. (NYSE:MDP) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.26. The company had revenue of $367.00 million for the quarter, compared to the consensus estimate of $370.33 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Meredith Corp. will post $2.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.432 per share. This represents a $1.73 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Wednesday, May 28th.

A number of analysts have recently weighed in on MDP shares. Analysts at Zacks reiterated a “neutral” rating on shares of Meredith Corp. in a research note on Wednesday, May 21st. They now have a $46.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Meredith Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, April 17th. They now have a $48.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $47.60.

Meredith Corporation (NYSE:MDP) is a media and marketing company.

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