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

ITV plc (LON:ITV) insider Carolyn McCall sold 267,242 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of GBX 79 ($1.02), for a total transaction of £211,121.18 ($272,344.14).

ITV Stock Performance

ITV opened at GBX 71.68 ($0.92) on Friday. ITV plc has a 1 year low of GBX 61.29 ($0.79) and a 1 year high of GBX 89 ($1.15). The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00. The stock’s 50 day simple moving average is GBX 75.69 and its 200-day simple moving average is GBX 74.36. The stock has a market cap of £2.76 billion, a PE ratio of 6.55, a P/E/G ratio of -0.53 and a beta of 1.44.

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

ITV Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 115 ($1.48) price objective on shares of ITV in a research report on Wednesday, March 12th.

ITV Company Profile

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.