US Bancorp DE Reduces Holdings in Scripps Networks Interactive, Inc. (NASDAQ:SNI)

US Bancorp DE cut its position in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 36.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,568 shares of the company’s stock after selling 13,570 shares during the period. US Bancorp DE’s holdings in Scripps Networks Interactive were worth $2,013,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SNI. Sentry Investment Management LLC boosted its holdings in shares of Scripps Networks Interactive by 2.0% in the 2nd quarter. Sentry Investment Management LLC now owns 5,618 shares of the company’s stock valued at $384,000 after buying an additional 111 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Scripps Networks Interactive by 4.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,255 shares of the company’s stock valued at $222,000 after buying an additional 130 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Scripps Networks Interactive by 2.4% in the 3rd quarter. Nationwide Fund Advisors now owns 27,142 shares of the company’s stock valued at $2,331,000 after buying an additional 634 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Scripps Networks Interactive by 9.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,804 shares of the company’s stock valued at $670,000 after buying an additional 679 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. boosted its holdings in shares of Scripps Networks Interactive by 6.3% in the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 13,762 shares of the company’s stock valued at $1,182,000 after buying an additional 810 shares in the last quarter. 60.08% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Michael R. Costa sold 18,955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the sale, the director now owns 13,035 shares of the company’s stock, valued at $1,090,247.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.50% of the company’s stock.

Several analysts recently commented on SNI shares. BidaskClub downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $86.36.

Shares of Scripps Networks Interactive, Inc. (NASDAQ SNI) traded down $0.01 during mid-day trading on Friday, hitting $87.75. 652,187 shares of the stock traded hands, compared to its average volume of 902,053. Scripps Networks Interactive, Inc. has a 1-year low of $64.87 and a 1-year high of $88.87. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a market cap of $11,401.34, a price-to-earnings ratio of 18.79, a P/E/G ratio of 3.12 and a beta of 1.40.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.37%. Scripps Networks Interactive’s dividend payout ratio is currently 25.70%.

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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.

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

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