PLDT Inc. (NYSE:PHI - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 96,501 shares were traded during mid-day trading, an increase of 102% from the previous session's volume of 47,685 shares.The stock last traded at $22.85 and had previously closed at $21.87.
Analyst Ratings Changes
Separately, StockNews.com upgraded PLDT from a "buy" rating to a "strong-buy" rating in a report on Friday, March 7th.
View Our Latest Report on PHI
PLDT Trading Down 2.1 %
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 50 day moving average price of $23.22 and a 200-day moving average price of $23.63. The company has a market cap of $4.68 billion, a P/E ratio of 8.27, a PEG ratio of 1.14 and a beta of 0.86.
PLDT (NYSE:PHI - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share for the quarter. The firm had revenue of $960.62 million for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. Analysts forecast that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.
PLDT Announces Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, March 12th will be given a dividend of $0.812 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a yield of 5.4%. PLDT's dividend payout ratio is currently 44.66%.
Institutional Investors Weigh In On PLDT
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in PLDT in the third quarter valued at approximately $79,000. Ascent Group LLC purchased a new position in PLDT during the third quarter worth about $218,000. Quantinno Capital Management LP grew its holdings in shares of 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 acquiring an additional 3,659 shares in the last quarter. Kathmere Capital Management LLC lifted its holdings in PLDT by 15.6% during the fourth quarter. Kathmere Capital Management LLC now owns 29,035 shares of the technology company's stock worth $643,000 after acquiring an additional 3,915 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of 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 purchasing an additional 1,610 shares during the period. Institutional investors and hedge funds own 2.26% of the company's stock.
PLDT Company Profile
(
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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.
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