PLDT (NYSE:PHI) Shares Gap Down to $23.94

PLDT Inc. (NYSE:PHI) gapped down before the market opened on Tuesday . The stock had previously closed at $23.94, but opened at $22.95. PLDT shares last traded at $23.08, with a volume of 4,864 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of PLDT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 11th.

PLDT Trading Down 0.2 %

The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.34 and a current ratio of 0.36. The company has a market cap of $4.95 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.23 and a beta of 0.60. The business has a fifty day simple moving average of $23.76 and a 200 day simple moving average of $22.98.

PLDT Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, April 19th. Shareholders of record on Wednesday, March 20th will be issued a $0.597 dividend. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a yield of 4.5%. PLDT’s dividend payout ratio is currently 132.96%.

Institutional Investors Weigh In On PLDT

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in PLDT by 19.8% during the 1st quarter. American Century Companies Inc. now owns 14,154 shares of the technology company’s stock worth $497,000 after acquiring an additional 2,339 shares during the period. US Bancorp DE lifted its holdings in PLDT by 9.5% in the first quarter. US Bancorp DE now owns 13,863 shares of the technology company’s stock worth $487,000 after purchasing an additional 1,208 shares during the period. Cetera Advisor Networks LLC bought a new position in PLDT in the 1st quarter valued at about $252,000. Citigroup Inc. raised its position in shares of PLDT by 1,869.6% during the 1st quarter. Citigroup Inc. now owns 2,265 shares of the technology company’s stock worth $80,000 after buying an additional 2,150 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of PLDT by 4.7% in the 1st quarter. BlackRock Inc. now owns 718,032 shares of the technology company’s stock worth $25,232,000 after acquiring an additional 32,027 shares during the period. 2.26% of the stock is currently owned by institutional investors.

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.