PLDT (NYSE:PHI) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

PLDT Inc. (NYSE:PHI - Get Free Report)'s stock price passed 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 Analyst Weigh In

Separately, StockNews.com upgraded PLDT from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 7th.

PLDT Trading Down 0.8 %

The company has a 50-day moving average price of $22.97 and a two-hundred day moving average price of $22.91. The stock has a market cap of $5.06 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.14 and a beta of 0.76. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24.

PLDT (NYSE:PHI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $960.62 million during the quarter. On average, research analysts expect that PLDT Inc. will post 2.76 EPS for the current fiscal year.

PLDT Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, April 17th. Shareholders of record on Wednesday, March 12th were paid a $0.812 dividend. This represents a yield of 5.4%. The ex-dividend date was Wednesday, March 12th. PLDT's payout ratio is currently 45.42%.

Institutional Investors Weigh In On PLDT

Several hedge funds and other institutional investors have recently modified their holdings of PHI. Invesco Ltd. grew its holdings in shares of PLDT by 19.8% in the fourth quarter. Invesco Ltd. now owns 1,536,883 shares of the technology company's stock worth $34,042,000 after purchasing an additional 254,110 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in PLDT in the 1st quarter worth about $5,891,000. Northern Trust Corp grew its stake in PLDT by 1,189.5% in the 4th quarter. Northern Trust Corp now owns 138,992 shares of the technology company's stock worth $3,079,000 after acquiring an additional 128,213 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of PLDT by 14.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 120,974 shares of the technology company's stock worth $2,646,000 after acquiring an additional 15,610 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of PLDT by 40.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,316 shares of the technology company's stock valued at $2,510,000 after acquiring an additional 32,791 shares in the last quarter. 2.26% of the stock is currently owned by hedge funds and other institutional investors.

About PLDT

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.