Wealth Enhancement Advisory Services LLC Makes New $489,000 Investment in PLDT Inc. $PHI

Key Points

• Wealth Enhancement Advisory Services LLC invested approximately $489,000 in PLDT Inc., acquiring 21,617 shares in the second quarter.
• PLDT recently increased its semi-annual dividend to $0.8414, marking a boost from the previous dividend of $0.81 and representing a yield of 530.0%.
• Analyst ratings for PLDT vary, with Weiss Ratings maintaining a "hold" rating, Zacks Research issuing a "strong sell," and UBS Group downgrading from "buy" to "neutral," leading to a consensus rating of "Reduce."

Wealth Enhancement Advisory Services LLC bought a new stake in shares of PLDT Inc. (NYSE:PHI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,617 shares of the technology company's stock, valued at approximately $489,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in PLDT by 51.7% during the first quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company's stock worth $48,000 after acquiring an additional 750 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of PLDT by 17.3% in the 1st quarter. Blue Trust Inc. now owns 10,270 shares of the technology company's stock worth $225,000 after purchasing an additional 1,515 shares during the period. Natixis Advisors LLC bought a new position in shares of PLDT during the 1st quarter valued at approximately $235,000. Sequoia Financial Advisors LLC increased its position in shares of PLDT by 9.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the technology company's stock valued at $279,000 after purchasing an additional 1,108 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in PLDT by 3.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,279 shares of the technology company's stock valued at $290,000 after buying an additional 437 shares during the period. Institutional investors own 2.26% of the company's stock.

Analysts Set New Price Targets

PHI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PLDT in a research note on Saturday, September 27th. Zacks Research raised shares of PLDT to a "strong sell" rating in a research note on Tuesday, August 12th. Finally, UBS Group downgraded shares of PLDT from a "buy" rating to a "neutral" rating in a report on Wednesday, August 27th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, PLDT has a consensus rating of "Reduce".

PLDT Trading Up 1.8%

Shares of NYSE:PHI opened at $19.02 on Monday. The company has a market capitalization of $4.11 billion, a PE ratio of 7.34, a P/E/G ratio of 1.68 and a beta of 0.62. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.16. PLDT Inc. has a 12-month low of $18.61 and a 12-month high of $27.73. The business's fifty day simple moving average is $21.01 and its 200-day simple moving average is $21.95.

PLDT Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, August 27th were issued a $0.8414 dividend. This is a boost from PLDT's previous semi-annual dividend of $0.81. This represents a yield of 530.0%. The ex-dividend date was Wednesday, August 27th. PLDT's dividend payout ratio is presently 47.10%.

PLDT 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.

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