Meiji Yasuda Asset Management Co Ltd. purchased a new position in Scripps Networks Interactive, Inc (NASDAQ:SNI) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,348 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC raised its position in Scripps Networks Interactive by 14.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after acquiring an additional 193 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Scripps Networks Interactive in the second quarter worth about $126,000. Federated Investors Inc. PA raised its position in Scripps Networks Interactive by 48.4% in the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock worth $163,000 after acquiring an additional 776 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in Scripps Networks Interactive by 1.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after buying an additional 32 shares during the period. Finally, Eagle Global Advisors LLC acquired a new stake in Scripps Networks Interactive during the 2nd quarter worth about $208,000. Hedge funds and other institutional investors own 63.88% of the company’s stock.

Several analysts have issued reports on SNI shares. Morgan Stanley boosted their price objective on Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 24th. Cowen Inc restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a report on Friday, September 8th. BidaskClub downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. KeyCorp restated a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. Finally, Needham & Company LLC downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. Scripps Networks Interactive presently has an average rating of “Hold” and an average price target of $85.62.

In other news, Director Jeffrey Sagansky sold 1,077 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.61, for a total value of $85,739.97. Following the transaction, the director now owns 7,520 shares in the company, valued at approximately $598,667.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Shares of Scripps Networks Interactive, Inc (SNI) opened at $80.37 on Friday. The stock has a market capitalization of $10,498.43, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.47. Scripps Networks Interactive, Inc has a twelve month low of $64.87 and a twelve month high of $88.45. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19.

Scripps Networks Interactive (NASDAQ:SNI) last issued its earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. The company had revenue of $825.53 million for the quarter, compared to the consensus estimate of $838.63 million. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. During the same quarter in the prior year, the company earned $1.26 EPS. equities analysts expect that Scripps Networks Interactive, Inc will post 5.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Thursday, November 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. Scripps Networks Interactive’s dividend payout ratio is 18.20%.

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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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