PLDT Inc. (NYSE:PHI - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $23.94, but opened at $22.95. PLDT shares last traded at $23.08, with a volume of 4,864 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded PLDT from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 11th.
Read Our Latest Report on PHI
PLDT Price Performance
The company has a current ratio of 0.36, a quick ratio of 0.34 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $4.95 billion, a PE ratio of 26.06, a P/E/G ratio of 1.27 and a beta of 0.60. The company has a fifty day moving average price of $23.77 and a two-hundred day moving average price of $22.98.
PLDT Cuts Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, April 19th. Stockholders of record on Wednesday, March 20th will be issued a $0.597 dividend. This represents a dividend yield of 4.5%. The ex-dividend date is Tuesday, March 19th. PLDT's payout ratio is currently 135.23%.
Institutional Trading of PLDT
Several institutional investors and hedge funds have recently made changes to their positions in PHI. Blue Trust Inc. lifted its holdings in shares of PLDT by 291.5% in the 4th quarter. Blue Trust Inc. now owns 1,711 shares of the technology company's stock valued at $40,000 after purchasing an additional 1,274 shares during the last quarter. Wells Fargo & Company MN raised its stake in PLDT by 79.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,790 shares of the technology company's stock valued at $42,000 after acquiring an additional 790 shares during the last quarter. CWM LLC raised its stake in PLDT by 47.1% during the 4th quarter. CWM LLC now owns 2,632 shares of the technology company's stock valued at $62,000 after acquiring an additional 843 shares during the last quarter. Citigroup Inc. raised its stake in PLDT by 1,869.6% during the 1st quarter. Citigroup Inc. now owns 2,265 shares of the technology company's stock valued at $80,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in PLDT during the 4th quarter valued at approximately $117,000. 2.26% of the stock is owned by hedge funds and other institutional investors.
PLDT Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider PLDT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PLDT wasn't on the list.
While PLDT currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.
Get This Free Report
