Chris Kennedy Sells 398,708 Shares of ITV plc (LON:ITV) Stock

ITV plc (LON:ITV) insider Chris Kennedy sold 398,708 shares of ITV stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of GBX 68 ($0.87), for a total transaction of £271,121.44 ($346,436.80).

ITV Stock Performance

Shares of ITV stock opened at GBX 66.20 ($0.85) on Thursday. The firm has a market capitalization of £2.55 billion, a price-to-earnings ratio of 6.05, a PEG ratio of -0.53 and a beta of 1.44. 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 business’s 50-day moving average price is GBX 75.25 and its 200-day moving average price is GBX 73.94. ITV plc has a 12 month low of GBX 61.29 ($0.78) and a 12 month high of GBX 89 ($1.14).

ITV (LON:ITV) last posted its earnings results 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%. Equities research 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. Investors of record on Thursday, April 10th will be issued a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 4.15%. ITV’s payout ratio is 45.68%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 115 ($1.47) price target on shares of ITV in a 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.