Millennium Management LLC Has $7.74 Million Stake in Meredith Co. (MDP)

Millennium Management LLC increased its stake in shares of Meredith Co. (NYSE:MDP) by 3,108.8% in the fourth quarter, according to the company …

Meredith logoMillennium Management LLC increased its stake in shares of Meredith Co. (NYSE:MDP) by 3,108.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,017 shares of the company’s stock after purchasing an additional 144,373 shares during the quarter. Millennium Management LLC owned approximately 0.33% of Meredith worth $7,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MDP. Quantamental Technologies LLC acquired a new position in Meredith during the 4th quarter worth approximately $30,000. Smithfield Trust Co. acquired a new position in Meredith during the 4th quarter worth approximately $34,000. Bremer Trust National Association acquired a new position in Meredith during the 4th quarter worth approximately $41,000. Strs Ohio increased its position in Meredith by 1,000.0% during the 4th quarter. Strs Ohio now owns 1,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Sandy Spring Bank acquired a new position in Meredith during the 4th quarter worth approximately $130,000.

MDP opened at $58.70 on Thursday. Meredith Co. has a fifty-two week low of $47.30 and a fifty-two week high of $62.40. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.19 and a current ratio of 1.25. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 23.11 and a beta of 1.16.

Meredith (NYSE:MDP) last posted its earnings results on Monday, February 11th. The company reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.24. Meredith had a negative net margin of 1.89% and a positive return on equity of 16.96%. The firm had revenue of $853.50 million for the quarter, compared to analyst estimates of $859.28 million. During the same period in the previous year, the firm posted $1.14 EPS. The company’s revenue for the quarter was up 104.3% compared to the same quarter last year. Equities research analysts forecast that Meredith Co. will post 3.95 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 3.92%. This is a positive change from Meredith’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, February 27th. Meredith’s payout ratio is presently 90.55%.

In other Meredith news, insider John S. Zieser sold 2,550 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $56.96, for a total transaction of $145,248.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.70% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Meredith from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Gabelli assumed coverage on shares of Meredith in a research report on Thursday, February 14th. They set a “buy” rating and a $54.97 price objective for the company. ValuEngine lowered shares of Meredith from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, Benchmark reissued a “buy” rating and set a $70.00 target price on shares of Meredith in a report on Tuesday, February 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $61.39.

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About Meredith

Meredith Corporation operates as a diversified media company in the United States, Europe, and Asia. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services.

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Institutional Ownership by Quarter for Meredith (NYSE:MDP)

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Stepan (NYSE:SCL) Shares Bought by Geode Capital Management LLC

Finally, WINTON GROUP Ltd increased its holdings in Stepan by 36.5% in the fourth quarter. WINTON GROUP Ltd now owns 4,334 shares of the …

Stepan logoGeode Capital Management LLC lifted its position in shares of Stepan (NYSE:SCL) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,456 shares of the basic materials company’s stock after purchasing an additional 15,923 shares during the quarter. Geode Capital Management LLC owned approximately 1.22% of Stepan worth $20,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Howe & Rusling Inc. bought a new stake in shares of Stepan during the fourth quarter worth $85,000. First Quadrant L P CA bought a new stake in shares of Stepan during the fourth quarter worth $93,000. Vident Investment Advisory LLC bought a new stake in shares of Stepan during the third quarter worth $246,000. GSA Capital Partners LLP bought a new stake in Stepan in the fourth quarter valued at about $313,000. Finally, WINTON GROUP Ltd increased its holdings in Stepan by 36.5% in the fourth quarter. WINTON GROUP Ltd now owns 4,334 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 1,160 shares during the last quarter. 72.34% of the stock is currently owned by institutional investors.

In other news, VP Arthur W. Mergner sold 1,038 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $90.01, for a total transaction of $93,430.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman F Quinn Stepan, Jr. sold 12,889 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $93.83, for a total value of $1,209,374.87. Following the transaction, the chairman now directly owns 202,576 shares of the company’s stock, valued at $19,007,706.08. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 500 shares of company stock valued at $45,141 and sold 17,927 shares valued at $1,664,845. 11.40% of the stock is owned by corporate insiders.

Shares of Stepan stock opened at $89.18 on Thursday. Stepan has a 1 year low of $68.09 and a 1 year high of $95.32. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.27 and a beta of 1.27. The company has a quick ratio of 1.78, a current ratio of 2.37 and a debt-to-equity ratio of 0.30.

Stepan (NYSE:SCL) last announced its quarterly earnings results on Thursday, February 21st. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.21. Stepan had a return on equity of 14.68% and a net margin of 5.66%. The company had revenue of $466.70 million during the quarter, compared to the consensus estimate of $486.67 million. During the same period in the prior year, the company earned $1.06 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts predict that Stepan will post 5.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. Stepan’s dividend payout ratio (DPR) is currently 20.49%.

SCL has been the subject of a number of recent analyst reports. ValuEngine upgraded Stepan from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research downgraded Stepan from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.50.

TRADEMARK VIOLATION NOTICE: This article was first published by Fairfield Current and is the property of of Fairfield Current. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/04/11/geode-capital-management-llc-raises-position-in-stepan-scl.html.

Stepan Company Profile

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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Dana Inc (DAN) Shares Sold by Millennium Management LLC

Millennium Management LLC cut its position in shares of Dana Inc (NYSE:DAN) by 48.9% in the 4th quarter, according to its most recent disclosure …

Dana logoMillennium Management LLC cut its position in shares of Dana Inc (NYSE:DAN) by 48.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 599,121 shares of the auto parts company’s stock after selling 572,460 shares during the quarter. Millennium Management LLC owned about 0.41% of Dana worth $8,166,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DAN. JOYN Advisors Inc. increased its stake in Dana by 683.1% during the fourth quarter. JOYN Advisors Inc. now owns 2,459 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 2,145 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Dana by 1,263.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 784,038 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 726,515 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Dana by 9.0% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 11,313 shares of the auto parts company’s stock worth $154,000 after acquiring an additional 938 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Dana during the fourth quarter worth about $158,000. Finally, Magnus Financial Group LLC acquired a new stake in Dana during the fourth quarter worth about $165,000. Institutional investors own 95.72% of the company’s stock.

DAN has been the subject of several research analyst reports. TheStreet upgraded Dana from a “c” rating to a “b” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, March 19th. Barclays reiterated a “buy” rating and issued a $24.00 target price on shares of Dana in a research note on Wednesday, March 13th. UBS Group upgraded Dana from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, January 4th. Finally, KeyCorp set a $20.00 target price on Dana and gave the company a “buy” rating in a research note on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.60.

DAN stock opened at $19.80 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 1.22. Dana Inc has a 1 year low of $12.65 and a 1 year high of $26.94. The stock has a market capitalization of $2.82 billion, a PE ratio of 6.67, a P/E/G ratio of 1.37 and a beta of 1.86.

Dana (NYSE:DAN) last issued its quarterly earnings results on Friday, February 15th. The auto parts company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. Dana had a return on equity of 33.01% and a net margin of 5.24%. Dana’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. Equities analysts predict that Dana Inc will post 3.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, February 28th. Dana’s dividend payout ratio is currently 13.47%.

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Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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Institutional Ownership by Quarter for Dana (NYSE:DAN)

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Citigroup Inc. Has $44000 Position in BlackRock Enhanced Dividend Achievers Tr (BDJ)

Citigroup Inc. lessened its position in shares of BlackRock Enhanced Dividend Achievers Tr (NYSE:BDJ) by 72.9% during the 4th quarter, according to …

BlackRock Enhanced Dividend Achievers Tr logoCitigroup Inc. lessened its position in shares of BlackRock Enhanced Dividend Achievers Tr (NYSE:BDJ) by 72.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,658 shares of the investment management company’s stock after selling 15,233 shares during the quarter. Citigroup Inc.’s holdings in BlackRock Enhanced Dividend Achievers Tr were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BDJ. Shaker Financial Services LLC grew its position in BlackRock Enhanced Dividend Achievers Tr by 1,898.6% during the fourth quarter. Shaker Financial Services LLC now owns 565,886 shares of the investment management company’s stock valued at $4,397,000 after buying an additional 537,572 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in BlackRock Enhanced Dividend Achievers Tr by 14.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,496,571 shares of the investment management company’s stock valued at $19,398,000 after purchasing an additional 322,187 shares in the last quarter. CWM LLC purchased a new position in BlackRock Enhanced Dividend Achievers Tr during the fourth quarter valued at $2,296,000. Ashford Capital Management Inc. purchased a new position in BlackRock Enhanced Dividend Achievers Tr during the third quarter valued at $2,788,000. Finally, Shulman DeMeo Asset Management LLC purchased a new position in BlackRock Enhanced Dividend Achievers Tr during the fourth quarter valued at $1,467,000.

BDJ opened at $8.75 on Thursday. BlackRock Enhanced Dividend Achievers Tr has a 52-week low of $7.23 and a 52-week high of $9.58.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a yield of 6.40%. The ex-dividend date is Friday, April 12th.

WARNING: This story was published by Fairfield Current and is owned by of Fairfield Current. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.fairfieldcurrent.com/news/2019/04/11/citigroup-inc-has-44000-position-in-blackrock-enhanced-dividend-achievers-tr-bdj.html.

BlackRock Enhanced Dividend Achievers Tr Profile

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.

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Institutional Ownership by Quarter for BlackRock Enhanced Dividend Achievers Tr (NYSE:BDJ)

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Short Interest in Twenty-First Century Fox Inc (FOXA) Increases By 7720.3%

Baupost Group LLC MA increased its position in shares of Twenty-First Century Fox by 31.9% in the third quarter. Baupost Group LLC MA now owns …

Twenty-First Century Fox logoTwenty-First Century Fox Inc (NASDAQ:FOXA) was the target of a large growth in short interest during the month of March. As of March 29th, there was short interest totalling 13,724,136 shares, a growth of 7,720.3% from the March 15th total of 175,494 shares. Approximately 3.9% of the shares of the company are sold short. Based on an average daily volume of 8,586,121 shares, the days-to-cover ratio is currently 1.6 days.

FOXA opened at $36.48 on Thursday. Twenty-First Century Fox has a fifty-two week low of $35.90 and a fifty-two week high of $41.95.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, February 6th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period in the prior year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Twenty-First Century Fox will post 2.13 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Monday, April 8th will be given a $0.18 dividend. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, April 5th.

FOXA has been the subject of several research reports. Zacks Investment Research raised Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Tuesday, January 8th. Societe Generale downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Vertical Group raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Buckingham Research raised their price target on Twenty-First Century Fox from $52.00 to $54.00 and gave the company a “buy” rating in a report on Monday, February 25th. Finally, UBS Group raised their price target on Twenty-First Century Fox to $52.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.55.

Several hedge funds and other institutional investors have recently modified their holdings of FOXA. Vanguard Group Inc. increased its position in shares of Twenty-First Century Fox by 47.2% in the third quarter. Vanguard Group Inc. now owns 106,152,247 shares of the company’s stock worth $4,901,046,000 after purchasing an additional 34,038,507 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Twenty-First Century Fox by 5,167.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,853,970 shares of the company’s stock worth $309,000 after purchasing an additional 14,571,988 shares during the period. Baupost Group LLC MA increased its position in shares of Twenty-First Century Fox by 31.9% in the third quarter. Baupost Group LLC MA now owns 52,001,167 shares of the company’s stock worth $2,409,214,000 after purchasing an additional 12,585,338 shares during the period. FMR LLC increased its position in shares of Twenty-First Century Fox by 15.2% in the fourth quarter. FMR LLC now owns 33,154,386 shares of the company’s stock worth $1,595,388,000 after purchasing an additional 4,364,397 shares during the period. Finally, MFN Partners Management LP bought a new position in shares of Twenty-First Century Fox in the fourth quarter worth $202,104,000.

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Twenty-First Century Fox Company Profile

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.

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