Insider Selling: PLDT (NYSE:PHI) Director Sells 4,505 Shares of Stock

Key Points

• Insider sale: Director Alfredo Santos Panlilio sold 4,505 PLDT shares on April 10 at an average price of $22.64 for total proceeds of $101,993.20, cutting his holding by 60.03% to 3,000 shares.
• Dividend announced: PLDT declared a cash dividend of $0.7977 per share with record/ex-dividend date on March 25 and a payment date of April 30.
• Financial/analyst snapshot: PLDT has a $4.54 billion market cap and a trailing P/E of 8.68, reported quarterly EPS of $0.67 on $905.99 million revenue, and carries a consensus analyst rating of "Hold."

PLDT Inc. (NYSE:PHI - Get Free Report) Director Alfredo Santos Panlilio sold 4,505 shares of PLDT stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $22.64, for a total value of $101,993.20. Following the transaction, the director directly owned 3,000 shares of the company's stock, valued at $67,920. The trade was a 60.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PLDT Trading Up 0.4%

Shares of PHI stock opened at $21.00 on Monday. The business's fifty day moving average is $22.50 and its 200 day moving average is $21.47. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.37 and a current ratio of 0.38. The company has a market capitalization of $4.54 billion, a PE ratio of 8.68 and a beta of 0.71. PLDT Inc. has a 52-week low of $18.61 and a 52-week high of $24.51.

PLDT (NYSE:PHI - Get Free Report) last issued its earnings results on Friday, February 27th. The technology company reported $0.67 earnings per share (EPS) for the quarter. PLDT had a return on equity of 28.11% and a net margin of 13.78%.The business had revenue of $905.99 million during the quarter. On average, equities research analysts anticipate that PLDT Inc. will post 2.76 EPS for the current fiscal year.

PLDT Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, March 25th will be given a dividend of $0.7977 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a dividend yield of 746.0%. PLDT's dividend payout ratio (DPR) is 47.93%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of PLDT in a report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, PLDT has a consensus rating of "Hold".

Hedge Funds Weigh In On PLDT

A number of institutional investors have recently bought and sold shares of PHI. Invesco Ltd. increased its holdings in PLDT by 14.1% in the 3rd quarter. Invesco Ltd. now owns 1,697,399 shares of the technology company's stock worth $31,741,000 after acquiring an additional 209,385 shares in the last quarter. UBS Group AG lifted its stake in PLDT by 41.4% in the 3rd quarter. UBS Group AG now owns 251,013 shares of the technology company's stock valued at $4,694,000 after buying an additional 73,439 shares in the last quarter. Jane Street Group LLC boosted its holdings in PLDT by 227.9% in the 1st quarter. Jane Street Group LLC now owns 77,493 shares of the technology company's stock worth $1,695,000 after buying an additional 53,861 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in PLDT by 20.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 181,574 shares of the technology company's stock worth $3,951,000 after buying an additional 30,803 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of PLDT by 106.8% during the first quarter. Goldman Sachs Group Inc. now owns 53,776 shares of the technology company's stock valued at $1,176,000 after acquiring an additional 27,769 shares during the last quarter. 2.26% of the stock is owned by hedge funds and other institutional investors.

About PLDT

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country's communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.

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