Insider Buying: ITV plc (LON:ITV) Insider Acquires 16,996 Shares of Stock

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

ITV Stock Performance

LON ITV opened at GBX 70.55 ($0.89) on Thursday. ITV plc has a 52-week low of GBX 55.49 ($0.70) and a 52-week high of GBX 79.72 ($1.00). The stock has a market cap of £2.82 billion, a PE ratio of 1,409.66, a P/E/G ratio of -0.53 and a beta of 1.45. The firm has a 50-day moving average of GBX 69.01 and a 200-day moving average of GBX 64.17. The company has a debt-to-equity ratio of 48.85, a quick ratio of 0.83 and a current ratio of 1.55.

ITV Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ITV. Numis Securities reissued a “buy” rating on shares of ITV in a research report on Thursday, March 7th. Shore Capital reaffirmed a “buy” rating on shares of ITV in a research report on Thursday, January 25th.

ITV Company Profile

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.