ITV plc (LON:ITV) Insider Carolyn McCall Sells 267,242 Shares

ITV plc (LON:ITV) insider Carolyn McCall sold 267,242 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of GBX 79 ($1.02), for a total transaction of £211,121.18 ($272,942.70).

ITV Stock Down 0.7 %

LON:ITV traded down GBX 0.54 ($0.01) during mid-day trading on Wednesday, reaching GBX 78.06 ($1.01). The stock had a trading volume of 4,035,839 shares, compared to its average volume of 30,949,717. The company has a debt-to-equity ratio of 46.00, a current ratio of 1.56 and a quick ratio of 0.83. The stock has a market cap of £3.01 billion, a P/E ratio of 7.13, a PEG ratio of -0.53 and a beta of 1.44. The business’s 50 day moving average is GBX 75.46 and its 200 day moving average is GBX 74.42. ITV plc has a fifty-two week low of GBX 61.29 ($0.79) and a fifty-two week high of GBX 89 ($1.15).

ITV (LON:ITV) last released its quarterly earnings results on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.12) earnings per share for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. As a group, sell-side analysts predict that ITV plc will post 1120 earnings per share for the current year.

ITV Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, April 10th will be paid a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 4.15%. ITV’s dividend payout ratio (DPR) is presently 45.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup reiterated a “buy” rating on shares of ITV in a research report on Thursday, December 5th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 115 ($1.49) price objective on shares of ITV in a report on Wednesday, March 12th.

About ITV

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.