Scripps Networks Interactive, Inc. (SNI) EVP Sells $1,457,406.24 in Stock

Scripps Networks Interactive, Inc. (NASDAQ:SNI) EVP Mark S. Hale sold 18,346 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $79.44, for a total value of $1,457,406.24. Following the completion of the transaction, the executive vice president now owns 18,346 shares of the company’s stock, valued at approximately $1,457,406.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Scripps Networks Interactive, Inc. (NASDAQ:SNI) opened at 79.11 on Tuesday. The stock has a 50 day moving average price of $78.21 and a 200-day moving average price of $70.28. Scripps Networks Interactive, Inc. has a 12 month low of $58.73 and a 12 month high of $83.42. The stock has a market cap of $10.24 billion, a PE ratio of 15.27 and a beta of 1.16.

Scripps Networks Interactive (NASDAQ:SNI) last issued its earnings results on Tuesday, February 21st. The company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by $0.05. The business earned $888.70 million during the quarter, compared to analysts’ expectations of $879.45 million. Scripps Networks Interactive had a return on equity of 34.21% and a net margin of 23.37%. Scripps Networks Interactive’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. On average, analysts expect that Scripps Networks Interactive, Inc. will post $5.46 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 28th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Friday, February 24th. This is a boost from Scripps Networks Interactive’s previous quarterly dividend of $0.25. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 16.53%.

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Several research firms have issued reports on SNI. MKM Partners reiterated a “neutral” rating on shares of Scripps Networks Interactive in a research report on Thursday, February 23rd. Needham & Company LLC increased their price objective on Scripps Networks Interactive from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, January 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $87.00 price objective (up previously from $70.00) on shares of Scripps Networks Interactive in a research report on Wednesday, February 22nd. Stifel Nicolaus increased their price objective on Scripps Networks Interactive from $75.00 to $90.00 and gave the stock a “positive” rating in a research report on Wednesday, February 22nd. Finally, Zacks Investment Research upgraded Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Tuesday, January 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $74.77.

A number of institutional investors have recently modified their holdings of the company. Congress Asset Management Co. MA acquired a new position in shares of Scripps Networks Interactive during the fourth quarter worth approximately $52,680,000. Norges Bank acquired a new position in shares of Scripps Networks Interactive during the fourth quarter worth approximately $48,031,000. Morgan Stanley boosted its position in shares of Scripps Networks Interactive by 106.8% in the third quarter. Morgan Stanley now owns 917,578 shares of the company’s stock worth $58,257,000 after buying an additional 473,775 shares during the last quarter. Capital International Investors boosted its position in shares of Scripps Networks Interactive by 26.7% in the third quarter. Capital International Investors now owns 1,927,750 shares of the company’s stock worth $122,393,000 after buying an additional 406,250 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Scripps Networks Interactive during the third quarter worth approximately $25,515,000. Institutional investors own 66.76% of the company’s stock.

About Scripps Networks Interactive

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.

5 Day Chart for NASDAQ:SNI

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