Renaissance Technologies LLC Decreases Position in PLDT Inc. (NYSE:PHI)

Renaissance Technologies LLC trimmed its holdings in shares of PLDT Inc. (NYSE:PHI) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,468,268 shares of the technology company’s stock after selling 72,393 shares during the quarter. Renaissance Technologies LLC’s holdings in PLDT were worth $54,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of PLDT by 19.8% in the fourth quarter. Invesco Ltd. now owns 1,536,883 shares of the technology company’s stock worth $34,042,000 after buying an additional 254,110 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in PLDT by 40.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,316 shares of the technology company’s stock worth $2,510,000 after acquiring an additional 32,791 shares in the last quarter. American Century Companies Inc. lifted its position in shares of PLDT by 13.8% during the fourth quarter. American Century Companies Inc. now owns 110,252 shares of the technology company’s stock valued at $2,442,000 after buying an additional 13,406 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of PLDT by 655.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company’s stock valued at $2,334,000 after purchasing an additional 91,418 shares during the last quarter. Finally, Allianz SE acquired a new position in PLDT in the 4th quarter worth approximately $906,000. Hedge funds and other institutional investors own 2.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of PLDT from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th.

PLDT Stock Performance

NYSE PHI opened at $22.30 on Thursday. PLDT Inc. has a 1-year low of $20.29 and a 1-year high of $29.05. The company has a market cap of $4.82 billion, a P/E ratio of 8.51, 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 current ratio of 0.34 and a quick ratio of 0.32. The stock has a 50-day moving average of $23.08 and a two-hundred day moving average of $23.42.

PLDT (NYSE:PHI) last posted its earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The firm had revenue of $960.62 million during the quarter. As a group, analysts anticipate that PLDT Inc. will post 2.76 EPS for the current year.

PLDT Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.812 per share. This represents a dividend yield of 5.4%. The ex-dividend date is Wednesday, March 12th. PLDT’s dividend payout ratio (DPR) is presently 44.66%.

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.