Wall Street Zen downgraded shares of PLDT (NYSE:PHI - Free Report) from a strong-buy rating to a buy rating in a research note released on Thursday.
PLDT Trading Up 2.4%
NYSE:PHI traded up $0.53 during trading hours on Thursday, reaching $23.01. 63,527 shares of the company were exchanged, compared to its average volume of 53,486. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.14 and a beta of 0.76. PLDT has a 52-week low of $20.29 and a 52-week high of $29.05. The stock has a 50 day simple moving average of $22.74 and a 200 day simple moving average of $22.78.
PLDT (NYSE:PHI - Get Free Report) last issued its earnings results on Thursday, May 15th. The technology company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). PLDT had a net margin of 12.34% and a return on equity of 22.11%. The business had revenue of $991.52 million during the quarter. As a group, analysts predict that PLDT will post 2.76 EPS for the current year.
PLDT Dividend Announcement
The company also recently declared a semi-annual dividend, which was paid on Thursday, April 17th. Investors of record on Wednesday, March 12th were paid a dividend of $0.812 per share. This represents a yield of 5.4%. The ex-dividend date was Wednesday, March 12th. PLDT's dividend payout ratio (DPR) is 47.04%.
Institutional Investors Weigh In On PLDT
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PHI. Ballentine Partners LLC increased its stake in PLDT by 12.5% during the 4th quarter. Ballentine Partners LLC now owns 14,448 shares of the technology company's stock worth $320,000 after buying an additional 1,610 shares during the period. Blue Trust Inc. increased its stake in PLDT by 70.4% during the 4th quarter. Blue Trust Inc. now owns 23,655 shares of the technology company's stock worth $524,000 after buying an additional 9,772 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in PLDT by 655.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company's stock worth $2,334,000 after acquiring an additional 91,418 shares in the last quarter. US Bancorp DE grew its holdings in PLDT by 22.4% during the 4th quarter. US Bancorp DE now owns 17,861 shares of the technology company's stock worth $396,000 after acquiring an additional 3,269 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in PLDT during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 2.26% of the company's stock.
About PLDT
(
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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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