BlackRock Inc. increased its stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 18.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,455,399 shares of the company’s stock after buying an additional 1,308,844 shares during the quarter. BlackRock Inc. owned about 6.52% of Scripps Networks Interactive worth $577,591,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Scripps Networks Interactive by 3.3% during the first quarter. Vanguard Group Inc. now owns 8,145,598 shares of the company’s stock worth $638,371,000 after buying an additional 260,963 shares in the last quarter. State Street Corp grew its position in Scripps Networks Interactive by 1.5% during the first quarter. State Street Corp now owns 3,732,993 shares of the company’s stock worth $292,564,000 after buying an additional 53,491 shares in the last quarter. FMR LLC grew its position in Scripps Networks Interactive by 10.1% during the first quarter. FMR LLC now owns 2,705,277 shares of the company’s stock worth $212,012,000 after buying an additional 248,772 shares in the last quarter. Pioneer Investment Management Inc. grew its position in Scripps Networks Interactive by 20.9% during the second quarter. Pioneer Investment Management Inc. now owns 2,288,068 shares of the company’s stock worth $156,298,000 after buying an additional 396,253 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Scripps Networks Interactive by 1,107.7% during the second quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock worth $142,373,000 after buying an additional 1,911,635 shares in the last quarter. 75.85% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on SNI. Zacks Investment Research downgraded Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Needham & Company LLC downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Citigroup Inc. raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and increased their price target for the stock from $66.00 to $90.00 in a research report on Tuesday, August 1st. Moffett Nathanson raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and increased their price target for the stock from $61.00 to $87.00 in a research report on Monday, July 31st. Finally, UBS AG reissued a “neutral” rating and set a $90.00 price target (up previously from $83.00) on shares of Scripps Networks Interactive in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $84.20.

Scripps Networks Interactive, Inc (SNI) opened at 86.04 on Friday. Scripps Networks Interactive, Inc has a 52 week low of $59.32 and a 52 week high of $88.45. The company has a market capitalization of $11.17 billion, a PE ratio of 17.75 and a beta of 1.47. The stock has a 50 day moving average price of $86.14 and a 200-day moving average price of $76.15.

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

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In other news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the transaction, the director now directly owns 9,457 shares in the company, valued at approximately $830,608.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by 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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