Scripps Networks Interactive, Inc (SNI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 319.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,224,046 shares of the company’s stock after buying an additional 931,958 shares during the period. JPMorgan Chase & Co. owned about 0.94% of Scripps Networks Interactive worth $83,614,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mascoma Wealth Management LLC acquired a new stake in Scripps Networks Interactive in the 2nd quarter worth about $130,000. Federated Investors Inc. PA boosted its holdings in Scripps Networks Interactive by 48.4% in the 2nd quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock worth $163,000 after buying an additional 776 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in Scripps Networks Interactive by 13.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock worth $168,000 after buying an additional 252 shares during the last quarter. Assetmark Inc. boosted its holdings in Scripps Networks Interactive by 2.7% in the 1st quarter. Assetmark Inc. now owns 2,542 shares of the company’s stock worth $199,000 after buying an additional 67 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Scripps Networks Interactive by 1.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after buying an additional 32 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Several equities research analysts recently issued reports on the company. UBS AG reiterated a “neutral” rating and issued a $90.00 price objective (up from $83.00) on shares of Scripps Networks Interactive in a report on Tuesday, August 1st. Moffett Nathanson upgraded Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $61.00 to $87.00 in a report on Monday, July 31st. Needham & Company LLC cut Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Citigroup Inc. upgraded Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $66.00 to $90.00 in a report on Tuesday, August 1st. Finally, Argus cut Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. Scripps Networks Interactive has an average rating of “Hold” and an average target price of $84.20.

Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at 85.47 on Friday. The firm has a market capitalization of $11.10 billion, a PE ratio of 17.64 and a beta of 1.47. The company has a 50-day moving average price of $85.70 and a 200-day moving average price of $75.97. Scripps Networks Interactive, Inc has a 12-month low of $59.32 and a 12-month high of $88.45.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Thursday, August 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. Scripps Networks Interactive’s dividend payout ratio (DPR) is currently 24.79%.

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In related news, Director Jeffrey Sagansky sold 1,159 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the sale, the director now owns 9,457 shares in the company, valued at $830,608.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Scripps Networks Interactive Company 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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