PLDT (NYSE:PHI) Cut to Buy at StockNews.com

StockNews.com lowered shares of PLDT (NYSE:PHI) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

PLDT Stock Performance

Shares of PHI stock opened at $23.57 on Tuesday. The firm has a 50-day moving average of $22.92 and a 200-day moving average of $22.85. The company has a market cap of $5.09 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.14 and a beta of 0.76. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32. PLDT has a one year low of $20.29 and a one year high of $29.05.

PLDT (NYSE:PHI) last announced its earnings results on Thursday, March 13th. The technology company reported $0.67 EPS for the quarter. The company had revenue of $960.62 million during the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. Equities research analysts forecast that PLDT will post 2.76 EPS for the current fiscal year.

PLDT Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, April 17th. Investors 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 (DPR) is presently 45.42%.

Institutional Trading of PLDT

A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in PLDT by 3.4% during the first quarter. PNC Financial Services Group Inc. now owns 13,279 shares of the technology company’s stock worth $290,000 after buying an additional 437 shares during the last quarter. Signaturefd LLC increased its holdings in PLDT by 3.0% during the first quarter. Signaturefd LLC now owns 15,674 shares of the technology company’s stock worth $343,000 after buying an additional 455 shares during the last quarter. 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 worth $48,000 after buying an additional 750 shares during the last quarter. Vident Advisory LLC increased its holdings in PLDT by 2.0% during the fourth quarter. Vident Advisory LLC now owns 42,876 shares of the technology company’s stock worth $950,000 after buying an additional 854 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in PLDT by 9.5% during the first quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the technology company’s stock worth $279,000 after buying an additional 1,108 shares during the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.

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.