Chevy Chase Trust Holdings Inc. trimmed its holdings in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 1.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 83,695 shares of the company’s stock after selling 879 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.06% of Scripps Networks Interactive worth $7,189,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Retirement Systems of Alabama boosted its position in shares of Scripps Networks Interactive by 0.7% during the second quarter. Retirement Systems of Alabama now owns 46,501 shares of the company’s stock worth $3,176,000 after buying an additional 323 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Scripps Networks Interactive by 17.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 500,910 shares of the company’s stock valued at $34,218,000 after acquiring an additional 73,006 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Scripps Networks Interactive by 0.8% in the second quarter. Arizona State Retirement System now owns 23,806 shares of the company’s stock valued at $1,626,000 after acquiring an additional 200 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Scripps Networks Interactive by 0.7% in the second quarter. Rhumbline Advisers now owns 191,632 shares of the company’s stock valued at $13,090,000 after acquiring an additional 1,399 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Scripps Networks Interactive by 8.8% in the second quarter. Advisors Asset Management Inc. now owns 10,046 shares of the company’s stock valued at $686,000 after acquiring an additional 810 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Scripps Networks Interactive, Inc. (NASDAQ:SNI) opened at $83.21 on Friday. The stock has a market capitalization of $10,595.87, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.06 and a beta of 1.45. Scripps Networks Interactive, Inc. has a twelve month low of $64.87 and a twelve month high of $88.45. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90.

Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.09. The company had revenue of $825.53 million for the quarter, compared to analyst estimates 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 last year, the company posted $1.26 earnings per share. sell-side analysts forecast that Scripps Networks Interactive, Inc. will post 5.53 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Thursday, November 30th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio is currently 12.85%.

In related news, Director Jeffrey Sagansky sold 1,077 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.61, for a total transaction of $85,739.97. Following the transaction, the director now owns 7,520 shares of the company’s stock, valued at $598,667.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

SNI has been the topic of several analyst reports. KeyCorp reiterated a “hold” rating on shares of Scripps Networks Interactive in a research note on Friday, August 25th. BidaskClub cut Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. Royal Bank of Canada set a $90.00 price objective on Scripps Networks Interactive and gave the company a “hold” rating in a research note on Friday, October 20th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Scripps Networks Interactive in a research note on Tuesday, September 12th. Finally, Morgan Stanley increased their price objective on Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $85.62.

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Scripps Networks Interactive 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.

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

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