Insider Buying: ITV plc (LON:ITV) Insider Acquires £11,897.20 in Stock

ITV plc (LON:ITV) insider Graham Cooke purchased 16,996 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost of GBX 70 ($0.88) per share, for a total transaction of £11,897.20 ($14,944.35).

ITV Price Performance

ITV stock opened at GBX 72 ($0.90) on Friday. The company has a debt-to-equity ratio of 48.85, a quick ratio of 0.83 and a current ratio of 1.55. The business has a 50-day simple moving average of GBX 69.57 and a two-hundred day simple moving average of GBX 64.24. The company has a market capitalization of £2.88 billion, a P/E ratio of 1,440.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.45. ITV plc has a 52-week low of GBX 55.49 ($0.70) and a 52-week high of GBX 79.72 ($1.00).

ITV Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, April 11th will be issued a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 5.41%. The ex-dividend date is Thursday, April 11th. This is a positive change from ITV’s previous dividend of $1.70. ITV’s dividend payout ratio (DPR) is currently 10,000.00%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ITV shares. Numis Securities reaffirmed a “buy” rating on shares of ITV in a research report on Thursday, March 7th. Shore Capital restated a “buy” rating on shares of ITV in a report on Thursday, January 25th.

About ITV

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.