Scripps Networks Interactive Inc. (NASDAQ:SNI) major shareholder Julia Scripps Heidt sold 152,863 shares of Scripps Networks Interactive stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $60.44, for a total transaction of $9,239,039.72. Following the sale, the insider now directly owns 208,766 shares of the company’s stock, valued at approximately $12,617,817.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Scripps Networks Interactive Inc. (NASDAQ:SNI) opened at 59.67 on Wednesday. The firm has a market capitalization of $7.70 billion, a P/E ratio of 10.13 and a beta of 1.24. The company’s 50-day moving average is $63.47 and its 200-day moving average is $64.12. Scripps Networks Interactive Inc. has a 52-week low of $47.62 and a 52-week high of $68.44.

Scripps Networks Interactive (NASDAQ:SNI) last released its earnings results on Tuesday, August 9th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.08. The company had revenue of $892.80 million for the quarter, compared to analyst estimates of $893.46 million. Scripps Networks Interactive had a net margin of 22.91% and a return on equity of 35.33%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 EPS. On average, analysts predict that Scripps Networks Interactive Inc. will post $5.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 31st were issued a $0.25 dividend. The ex-dividend date was Monday, August 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. Scripps Networks Interactive’s payout ratio is 16.98%.

Several large investors have recently made changes to their positions in SNI. Norges Bank purchased a new stake in shares of Scripps Networks Interactive during the fourth quarter worth $39,318,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Scripps Networks Interactive by 4.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 80,044 shares of the company’s stock worth $5,243,000 after buying an additional 3,605 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Scripps Networks Interactive by 21.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 17,334 shares of the company’s stock worth $1,135,000 after buying an additional 3,038 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Scripps Networks Interactive by 8.9% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 23,097 shares of the company’s stock worth $1,513,000 after buying an additional 1,890 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Scripps Networks Interactive during the first quarter worth $288,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Several research firms have recently weighed in on SNI. Stifel Nicolaus raised shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, July 20th. Citigroup Inc. cut their price objective on shares of Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th. Jefferies Group cut their price objective on shares of Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating on the stock in a report on Wednesday, August 10th. MKM Partners reissued a “hold” rating on shares of Scripps Networks Interactive in a report on Monday, July 18th. Finally, Evercore ISI lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.73.

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.

5 Day Chart for NASDAQ:SNI

Receive News & Ratings for Scripps Networks Interactive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.