PLDT Inc. (NYSE:PHI) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in shares of PLDT Inc. (NYSE:PHI - Free Report) by 40.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,316 shares of the technology company's stock after buying an additional 32,791 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.05% of PLDT worth $2,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of PHI. Allianz SE purchased a new stake in PLDT during the fourth quarter worth about $906,000. American Century Companies Inc. grew its holdings in shares of PLDT by 13.8% in the fourth quarter. American Century Companies Inc. now owns 110,252 shares of the technology company's stock valued at $2,442,000 after purchasing an additional 13,406 shares in the last quarter. Signaturefd LLC increased its stake in PLDT by 8.3% during the 4th quarter. Signaturefd LLC now owns 15,219 shares of the technology company's stock worth $337,000 after buying an additional 1,172 shares during the period. Corient Private Wealth LLC lifted its holdings in PLDT by 20.5% during the 4th quarter. Corient Private Wealth LLC now owns 18,542 shares of the technology company's stock worth $411,000 after buying an additional 3,149 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in PLDT by 12.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company's stock valued at $258,000 after buying an additional 1,310 shares during the period. 2.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of PLDT from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 7th.

PLDT Stock Up 0.7 %

NYSE PHI traded up $0.16 during trading hours on Tuesday, hitting $22.54. 2,600 shares of the company were exchanged, compared to its average volume of 71,125. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.14 and a beta of 0.86. The company has a 50 day moving average of $23.04 and a two-hundred day moving average of $23.29. PLDT Inc. has a 52-week low of $20.29 and a 52-week high of $29.05.

PLDT (NYSE:PHI - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The technology company reported $0.67 EPS for the quarter. The business had revenue of $960.62 million during the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. Equities research analysts anticipate that PLDT Inc. will post 2.76 earnings per share for the current year.

PLDT Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, March 12th will be given a $0.812 dividend. This represents a dividend yield of 5.4%. The ex-dividend date is Wednesday, March 12th. PLDT's dividend payout ratio is presently 44.66%.

About PLDT

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.