PLDT (NYSE:PHI) Shares Cross Above 200 Day Moving Average - Here's What Happened

PLDT Inc. (NYSE:PHI - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.08 and traded as high as $23.40. PLDT shares last traded at $23.31, with a volume of 62,121 shares changing hands.

Analyst Upgrades and Downgrades

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

PLDT Trading Up 0.0 %

The firm has a market cap of $5.07 billion, a P/E ratio of 8.93, a P/E/G ratio of 1.14 and a beta of 0.86. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. The firm has a 50 day simple moving average of $22.99 and a 200 day simple moving average of $23.01.

PLDT (NYSE:PHI - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The technology company reported $0.67 earnings per share (EPS) for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The company had revenue of $960.62 million for the quarter. On average, equities research analysts predict that PLDT Inc. will post 2.76 EPS for the current fiscal year.

PLDT Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of PLDT by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company's stock worth $48,000 after buying an additional 750 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in PLDT by 6.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,842 shares of the technology company's stock worth $284,000 after purchasing an additional 807 shares in the last quarter. Vident Advisory LLC lifted its position in shares of PLDT by 2.0% in the 4th quarter. Vident Advisory LLC now owns 42,876 shares of the technology company's stock worth $950,000 after purchasing an additional 854 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of PLDT by 9.5% during the first quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the technology company's stock valued at $279,000 after buying an additional 1,108 shares during the period. Finally, Signaturefd LLC raised its stake in PLDT by 8.3% in the fourth quarter. Signaturefd LLC now owns 15,219 shares of the technology company's stock worth $337,000 after buying an additional 1,172 shares in the last quarter. Institutional investors own 2.26% of the company's stock.

PLDT Company Profile

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.