Scripps Networks Interactive Inc. (NASDAQ:SNI) major shareholder Edward W. Scripps sold 354,810 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $65.23, for a total value of $23,144,256.30. Following the sale, the insider now directly owns 337,848 shares in the company, valued at approximately $22,037,825.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Scripps Networks Interactive Inc. (NASDAQ:SNI) opened at 73.70 on Tuesday. The company’s 50-day moving average is $64.06 and its 200 day moving average is $63.87. The stock has a market capitalization of $9.52 billion, a PE ratio of 12.18 and a beta of 1.12. Scripps Networks Interactive Inc. has a 12-month low of $50.81 and a 12-month high of $73.71.

Scripps Networks Interactive (NASDAQ:SNI) last released its earnings results on Monday, November 7th. The company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.31. The company earned $803.10 million during the quarter, compared to the consensus estimate of $794.62 million. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, analysts predict that Scripps Networks Interactive Inc. will post $5.24 EPS for the current year.

Insider Buying and Selling by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Monday, November 28th. Scripps Networks Interactive’s payout ratio is currently 16.53%.

Several large investors have recently added to or reduced their stakes in SNI. Seven Eight Capital LLC acquired a new position in Scripps Networks Interactive during the first quarter valued at approximately $838,000. Babson Capital Management LLC raised its position in Scripps Networks Interactive by 66.2% in the first quarter. Babson Capital Management LLC now owns 47,696 shares of the company’s stock valued at $3,124,000 after buying an additional 19,000 shares during the period. Envestnet Asset Management Inc. raised its position in Scripps Networks Interactive by 49.5% in the first quarter. Envestnet Asset Management Inc. now owns 25,699 shares of the company’s stock valued at $1,683,000 after buying an additional 8,505 shares during the period. Legal & General Group Plc raised its position in Scripps Networks Interactive by 0.6% in the first quarter. Legal & General Group Plc now owns 322,186 shares of the company’s stock valued at $21,103,000 after buying an additional 2,024 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its position in Scripps Networks Interactive by 0.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 141,004 shares of the company’s stock valued at $9,236,000 after buying an additional 825 shares during the period. 65.71% of the stock is owned by institutional investors.

A number of brokerages recently commented on SNI. Bank of America Corp. downgraded shares of Scripps Networks Interactive from a “neutral” rating to an “underperform” rating and set a $66.00 target price for the company. in a research note on Thursday, October 27th. Stifel Nicolaus upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, July 20th. MKM Partners reiterated a “hold” rating on shares of Scripps Networks Interactive in a research note on Monday, July 18th. Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Wednesday, November 9th. Finally, Citigroup Inc. lowered their target price on shares of Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Scripps Networks Interactive currently has an average rating of “Hold” and a consensus target price of $68.73.

Scripps Networks Interactive Company Profile

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s segments include U.S. Networks, International Networks, and Corporate and Other. Its U.S. Networks segment includes its approximately six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country.

5 Day Chart for NASDAQ:SNI

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