The President-Local Media Group of Meredith Corp. (NYSE: MDP) is Selling Shares

By Carrie Williams

Today, the President-Local Media Group of Meredith Corp. (NYSE: MDP), Paul Karpowicz, sold shares of MDP for $1.36M.

In addition to Paul Karpowicz, 8 other MDP executives reported Sell trades in the last month. Following Paul Karpowicz’s last MDP Sell transaction on August 25, 2016, the stock climbed by 1.1%.

Based on Meredith Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $400 million and quarterly net profit of $33.97 million. In comparison, last year the company earned revenue of $385 million and had a net profit of $11.03 million. The company has a one year high of $57.53 and a one year low of $35.03. MDP’s market cap is $2.39B and the company has a P/E ratio of 43.66.

The insider sentiment on Meredith Corp. has been neutral according to 42 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

Meredith Corp. engages in media and marketing services. The company operates through two business segments: National Media and Local Media. The National Media segment includes magazine publishing, brand licensing, digital and customer relationship marketing, digital and mobile media, database-related activities, and other related operations. The Local Media segment consists primarily of the operations of network-affiliated television stations, related digital and mobile media, and video creation operations. The company was founded by Edwin Thomas Meredith in 1902 and is headquartered in Des Moines, IA.