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

ITV plc (LON:ITV) insider Carolyn McCall sold 267,242 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of GBX 79 ($1.04), for a total transaction of £211,121.18 ($276,626.28).

ITV Stock Performance

Shares of ITV stock opened at GBX 73.80 ($0.97) on Friday. ITV plc has a 12 month low of GBX 61.29 ($0.80) and a 12 month high of GBX 89 ($1.17). 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 company has a market capitalization of £2.85 billion, a PE ratio of 6.74, a PEG ratio of -0.53 and a beta of 1.44. The stock’s fifty day simple moving average is GBX 75.66 and its 200 day simple moving average is GBX 74.41.

ITV (LON:ITV) last issued its quarterly earnings data on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.13) earnings per share (EPS) for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. On average, research analysts predict that ITV plc will post 1120 EPS for the current year.

ITV Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ITV shares. Citigroup reissued a “buy” rating on shares of ITV in a research note on Thursday, December 5th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 115 ($1.51) target price on shares of ITV in a research note 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.