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

ITV plc (LON:ITV - Get Free Report) insider Chris Kennedy sold 398,708 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of GBX 68 ($0.89), for a total transaction of £271,121.44 ($354,870.99).

ITV Stock Performance

LON:ITV traded up GBX 1 ($0.01) on Friday, reaching GBX 67.30 ($0.88). 17,013,592 shares of the company's stock were exchanged, compared to its average volume of 29,313,613. The firm has a market cap of £2.60 billion, a price-to-earnings ratio of 6.15, a P/E/G ratio of -0.53 and a beta of 1.44. 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 fifty day simple moving average of GBX 74.98 and a 200-day simple moving average of GBX 73.74. ITV plc has a 52 week low of GBX 61.29 ($0.80) and a 52 week high of GBX 89 ($1.16).

ITV (LON:ITV - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.13) EPS 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. Shareholders of record on Thursday, April 10th will be paid 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 dividend payout ratio is presently 45.68%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 115 ($1.51) price target on shares of ITV in a research note 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.