PLDT Inc. (NYSE:PHI - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.91 and traded as high as $23.72. PLDT shares last traded at $23.42, with a volume of 28,402 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of PLDT from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th.
Read Our Latest Research Report on PLDT
PLDT Trading Up 0.9%
The firm has a market capitalization of $5.13 billion, a PE ratio of 9.07, a PEG ratio of 1.14 and a beta of 0.76. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. The stock's fifty day simple moving average is $23.01 and its 200 day simple moving average is $22.85.
PLDT (NYSE:PHI - Get Free Report) last announced its earnings results on Thursday, March 13th. The technology company reported $0.67 EPS for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. The business had revenue of $960.62 million during the quarter. On average, sell-side analysts predict that PLDT Inc. will post 2.76 earnings per share for the current year.
PLDT Dividend Announcement
The firm also recently announced a semi-annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.812 per share. The ex-dividend date was Wednesday, March 12th. This represents a yield of 5.4%. PLDT's dividend payout ratio is currently 45.42%.
Institutional Trading of PLDT
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHI. GAMMA Investing LLC increased its holdings in PLDT by 51.7% during the first quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company's stock valued at $48,000 after buying an additional 750 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of PLDT in the fourth quarter worth approximately $49,000. BNP Paribas Financial Markets boosted its position in shares of PLDT by 49.4% in the fourth quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company's stock worth $97,000 after purchasing an additional 1,453 shares during the period. Blue Trust Inc. boosted its position in shares of PLDT by 17.3% in the first 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. Finally, Natixis Advisors LLC bought a new position in shares of PLDT in the first quarter worth approximately $235,000. 2.26% of the stock is owned by hedge funds and other institutional investors.
About PLDT
(
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.
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