Invesco Ltd. Has $31.24 Million Stock Position in PLDT Inc. $PHI

Key Points

• Invesco Ltd. reduced its stake in PLDT Inc. by 7.1%, now holding approximately 0.66% of the company valued at $31.2 million.
• PLDT has declared a semi-annual dividend of $0.8414, reflecting a yield of 530.0% and an increase from the previous dividend of $0.81.
• Analysts have mixed ratings for PLDT, with some downgrading it to a "hold" and others assigning it a "strong sell" rating.

Invesco Ltd. reduced its stake in PLDT Inc. (NYSE:PHI - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,428,251 shares of the technology company's stock after selling 108,632 shares during the quarter. Invesco Ltd. owned about 0.66% of PLDT worth $31,236,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in PLDT by 3.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,279 shares of the technology company's stock valued at $290,000 after acquiring an additional 437 shares during the period. Signaturefd LLC raised its holdings in PLDT by 3.0% in the 1st quarter. Signaturefd LLC now owns 15,674 shares of the technology company's stock valued at $343,000 after acquiring an additional 455 shares during the period. GAMMA Investing LLC raised its holdings in PLDT by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company's stock valued at $48,000 after acquiring an additional 750 shares during the period. Vident Advisory LLC increased its holdings in shares of PLDT by 2.0% during the fourth quarter. Vident Advisory LLC now owns 42,876 shares of the technology company's stock worth $950,000 after purchasing an additional 854 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of PLDT by 9.5% during the first quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the technology company's stock worth $279,000 after purchasing an additional 1,108 shares during the period. 2.26% of the stock is owned by institutional investors.

PLDT Stock Performance

Shares of NYSE PHI remained flat at $23.05 during trading hours on Monday. 106,205 shares of the company traded hands, compared to its average volume of 62,189. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.16. The firm has a market cap of $4.98 billion, a P/E ratio of 8.90, a PEG ratio of 2.04 and a beta of 0.71. The firm has a fifty day moving average of $22.40 and a two-hundred day moving average of $22.78. PLDT Inc. has a twelve month low of $20.29 and a twelve month high of $28.23.

PLDT Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, August 27th will be given a $0.8414 dividend. This is an increase from PLDT's previous semi-annual dividend of $0.81. This represents a yield of 530.0%. The ex-dividend date is Wednesday, August 27th. PLDT's dividend payout ratio (DPR) is 47.10%.

Analyst Ratings Changes

Several brokerages have recently commented on PHI. Wall Street Zen cut shares of PLDT from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Zacks Research raised shares of PLDT to a "strong sell" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, PLDT has a consensus rating of "Sell".

PLDT Company Profile

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.