Scripps Networks Interactive major shareholder Julia Scripps Heidt Sells 10,000 Shares (SNI)
Scripps Networks Interactive (NYSE:SNI) major shareholder Julia Scripps Heidt sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $78.33, for a total value of $783,300.00. Following the completion of the sale, the insider now directly owns 802,000 shares in the company, valued at approximately $62,820,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on SNI shares. Analysts at Evercore Partners raised their price target on shares of Scripps Networks Interactive from $80.00 to $89.00 in a research note on Wednesday, July 30th. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Scripps Networks Interactive in a research note on Wednesday, July 9th. They now have a $82.00 price target on the stock, up previously from $78.00. Finally, analysts at Jefferies Group initiated coverage on shares of Scripps Networks Interactive in a research note on Thursday, June 26th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.21.
Shares of Scripps Networks Interactive (NYSE:SNI) traded up 0.24% during mid-day trading on Tuesday, hitting $78.57. 57,412 shares of the company’s stock traded hands. Scripps Networks Interactive has a 52 week low of $71.33 and a 52 week high of $86.62. The stock has a 50-day moving average of $81. and a 200-day moving average of $77.97. The company has a market cap of $11.009 billion and a P/E ratio of 22.10.
Scripps Networks Interactive (NYSE:SNI) last announced its earnings results on Thursday, August 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. The company had revenue of $708.00 million for the quarter, compared to the consensus estimate of $710.23 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that Scripps Networks Interactive will post $3.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, August 27th.
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for television and the Internet with television and interactive brands.
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