Allianz SE Invests $906,000 in PLDT Inc. (NYSE:PHI)

Allianz SE acquired a new stake in PLDT Inc. (NYSE:PHI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,893 shares of the technology company's stock, valued at approximately $906,000.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in PLDT in the 3rd quarter valued at approximately $79,000. Ascent Group LLC bought a new stake in shares of PLDT in the third quarter worth $218,000. Quantinno Capital Management LP increased its holdings in PLDT by 37.2% in the third quarter. Quantinno Capital Management LP now owns 13,495 shares of the technology company's stock valued at $363,000 after purchasing an additional 3,659 shares during the period. Kathmere Capital Management LLC raised its position in PLDT by 15.6% during the 4th quarter. Kathmere Capital Management LLC now owns 29,035 shares of the technology company's stock worth $643,000 after purchasing an additional 3,915 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in PLDT by 12.5% during the 4th quarter. Ballentine Partners LLC now owns 14,448 shares of the technology company's stock worth $320,000 after buying an additional 1,610 shares during the period. Institutional investors own 2.26% of the company's stock.

PLDT Trading Down 2.1 %

PHI stock traded down $0.46 during midday trading on Friday, hitting $21.66. The stock had a trading volume of 18,157 shares, compared to its average volume of 48,515. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. The business has a fifty day moving average price of $23.22 and a two-hundred day moving average price of $23.63. PLDT Inc. has a 1-year low of $21.00 and a 1-year high of $29.05. The firm has a market cap of $4.68 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.14 and a beta of 0.86.

Remove Ads

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

PLDT Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, March 12th will be given a $0.812 dividend. This represents a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, March 12th. PLDT's payout ratio is 44.66%.

Analyst Ratings Changes

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

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.