PLDT (PHI) Stock Forecast, Price & News

PLDT's stock was trading at $22.80 at the start of the year. Since then, PHI shares have decreased by 13.3% and is now trading at $19.77.
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PLDT saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 138,900 shares, a drop of 32.3% from the August 15th total of 205,200 shares. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is presently 3.5 days.
View PLDT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PHI earnings forecast.

PLDT Inc. (NYSE:PHI) announced its earnings results on Thursday, August, 3rd. The technology company reported $0.70 EPS for the quarter. The technology company earned $929.20 million during the quarter. PLDT had a net margin of 5.50% and a trailing twelve-month return on equity of 26.64%.

PLDT announced a Semi-Annual dividend on Friday, August 4th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.639 per share on Monday, September 18th. This represents a yield of 5.4%. The ex-dividend date is Tuesday, August 15th.
Read our dividend analysis for PHI.

PLDT (NYSE:PHI) pays an annual dividend of $1.25 per share and currently has a dividend yield of 6.34%. PHI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 128.87%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PHI will have a dividend payout ratio of 47.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PHI.

20 employees have rated PLDT Chief Executive Officer Napoleon L. Nazareno on Glassdoor.com. Napoleon L. Nazareno has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PLDT investors own include Bank of America (BAC), Intelsat (I), Ciena (CIEN), Intel (INTC), Verizon Communications (VZ), AMC Entertainment (AMC), Comcast (CMCSA), Cabot Oil & Gas (COG), General Motors (GM) and NVIDIA (NVDA).

PLDT trades on the New York Stock Exchange (NYSE) under the ticker symbol "PHI."

PLDT's stock is owned by many different institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (1.21%), BlackRock Inc. (0.30%), Dimensional Fund Advisors LP (0.10%), Nia Impact Advisors LLC (0.04%), Bank of Montreal Can (0.04%) and Hsbc Holdings PLC (0.02%).
View institutional ownership trends.

Shares of PHI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PHI stock can currently be purchased for approximately $19.77.

PLDT (NYSE:PHI) has a market capitalization of $4.27 billion and generates $3.78 billion in revenue each year. The technology company earns $192.92 million in net income (profit) each year or $0.97 on an earnings per share basis.

The company employs 17,155 workers across the globe.

PLDT's mailing address is RAMON CONJUANGCO BLDG MAKATI AVE, MAKATI R6, 1200. The official website for the company is www.pldt.com. The technology company can be reached via phone at (632) 816-8556, via email at pldt_ir_center@pldt.com, or via fax at 632-840-1864.