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

PLDT Inc. (NYSE:PHI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.85 and traded as high as $23.75. PLDT shares last traded at $23.36, with a volume of 84,605 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of PLDT from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th.

PLDT Price Performance

The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $5.04 billion, a P/E ratio of 9.21, a P/E/G ratio of 1.14 and a beta of 0.76. The business's fifty day moving average price is $22.87 and its 200-day moving average price is $22.81.

PLDT (NYSE:PHI - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The technology company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). PLDT had a return on equity of 22.11% and a net margin of 12.34%. The company had revenue of $991.52 million for the quarter. As a group, sell-side analysts predict that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.

PLDT Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.812 per share. This represents a dividend yield of 5.4%. The ex-dividend date was Wednesday, March 12th. PLDT's dividend payout ratio is currently 47.04%.

Institutional Trading of PLDT

A number of hedge funds have recently made changes to their positions in PHI. Jane Street Group LLC lifted its stake in PLDT by 227.9% in the first quarter. Jane Street Group LLC now owns 77,493 shares of the technology company's stock worth $1,695,000 after purchasing an additional 53,861 shares during the last quarter. Ascent Group LLC bought a new stake in PLDT in the first quarter worth $320,000. Goldman Sachs Group Inc. lifted its stake in PLDT by 106.8% in the first quarter. Goldman Sachs Group Inc. now owns 53,776 shares of the technology company's stock worth $1,176,000 after purchasing an additional 27,769 shares during the last quarter. Vident Advisory LLC lifted its stake in PLDT by 47.0% in the first quarter. Vident Advisory LLC now owns 63,008 shares of the technology company's stock worth $1,378,000 after purchasing an additional 20,132 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in PLDT by 9.5% in the first quarter. American Century Companies Inc. now owns 120,757 shares of the technology company's stock worth $2,641,000 after purchasing an additional 10,505 shares during the last quarter. 2.26% of the stock is owned by 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.