Scripps Networks Interactive Inc. (NASDAQ:SNI) major shareholder Eva Scripps Attal sold 500,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $69.15, for a total value of $34,575,000.00. Following the completion of the sale, the insider now owns 319,454 shares in the company, valued at approximately $22,090,244.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Scripps Networks Interactive Inc. (NASDAQ:SNI) opened at 70.14 on Friday. The firm has a market cap of $9.06 billion, a PE ratio of 11.59 and a beta of 1.12. The company has a 50 day moving average price of $65.45 and a 200 day moving average price of $64.24. 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 announced its quarterly earnings data on Monday, November 7th. The company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.31. Scripps Networks Interactive had a return on equity of 34.21% and a net margin of 23.37%. The company had revenue of $803.10 million for the quarter, compared to analyst estimates of $794.62 million. During the same quarter in the previous year, the company earned $1.06 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts forecast that Scripps Networks Interactive Inc. will post $5.23 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, November 28th. Scripps Networks Interactive’s dividend payout ratio is presently 16.53%.

A number of brokerages have recently commented on SNI. Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Wednesday, November 9th. Bank of America Corp. downgraded Scripps Networks Interactive from a “neutral” rating to an “underperform” rating and set a $66.00 target price on the stock. in a research note on Thursday, October 27th. Jefferies Group restated a “hold” rating and issued a $67.00 target price on shares of Scripps Networks Interactive in a research note on Tuesday, October 4th. Moffett Nathanson downgraded Scripps Networks Interactive from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $71.00 to $52.00 in a research note on Tuesday, September 27th. Finally, Citigroup Inc. lowered their target price on Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock 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 given a buy rating to the stock. Scripps Networks Interactive currently has a consensus rating of “Hold” and a consensus target price of $68.73.

A number of large investors have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. raised its stake in shares of Scripps Networks Interactive by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,808 shares of the company’s stock worth $113,000 after buying an additional 51 shares in the last quarter. Huntington National Bank raised its stake in shares of Scripps Networks Interactive by 0.8% in the second quarter. Huntington National Bank now owns 6,950 shares of the company’s stock valued at $433,000 after buying an additional 55 shares during the period. World Asset Management Inc raised its stake in shares of Scripps Networks Interactive by 0.7% in the second quarter. World Asset Management Inc now owns 9,498 shares of the company’s stock valued at $591,000 after buying an additional 68 shares during the period. Eaton Vance Management raised its stake in shares of Scripps Networks Interactive by 0.5% in the second quarter. Eaton Vance Management now owns 14,625 shares of the company’s stock valued at $911,000 after buying an additional 75 shares during the period. Finally, Spero Smith Investment Advisers Inc. OH raised its stake in shares of Scripps Networks Interactive by 0.3% in the second quarter. Spero Smith Investment Advisers Inc. OH now owns 29,332 shares of the company’s stock valued at $1,827,000 after buying an additional 85 shares during the period. 65.62% of the stock is currently owned by institutional investors.

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About Scripps Networks Interactive

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.

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