Bank of New York Mellon Corp raised its stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,176,693 shares of the company’s stock after buying an additional 10,667 shares during the period. Bank of New York Mellon Corp owned about 1.23% of Scripps Networks Interactive worth $80,379,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Scripps Networks Interactive by 93.9% in the first quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock valued at $3,207,000 after buying an additional 19,812 shares during the period. Soros Fund Management LLC purchased a new position in shares of Scripps Networks Interactive during the first quarter valued at approximately $4,945,000. BlackRock Inc. increased its position in shares of Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock valued at $560,078,000 after buying an additional 6,979,918 shares during the period. Boston Partners increased its position in shares of Scripps Networks Interactive by 0.5% in the first quarter. Boston Partners now owns 1,006,542 shares of the company’s stock valued at $78,883,000 after buying an additional 4,895 shares during the period. Finally, State of Wisconsin Investment Board increased its position in shares of Scripps Networks Interactive by 21.2% in the first quarter. State of Wisconsin Investment Board now owns 54,509 shares of the company’s stock valued at $4,272,000 after buying an additional 9,529 shares during the period. 75.88% of the stock is owned by institutional investors and hedge funds.

Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 86.22 on Monday. The company has a market cap of $11.19 billion, a P/E ratio of 17.79 and a beta of 1.49. The stock’s 50 day moving average is $81.24 and its 200 day moving average is $75.40. Scripps Networks Interactive, Inc has a 12-month low of $59.32 and a 12-month high of $88.45.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Thursday, August 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, August 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is currently 24.79%.

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SNI has been the topic of several recent analyst reports. Gabelli reiterated a “buy” rating on shares of Scripps Networks Interactive in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $90.00 in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded shares of Scripps Networks Interactive to a “neutral” rating and set a $83.00 target price on the stock in a report on Monday, May 15th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $76.00 target price on shares of Scripps Networks Interactive in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $83.79.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the sale, the director now directly owns 9,457 shares of the company’s stock, valued at $830,608.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Scripps Networks Interactive Company Profile

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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