Shares of PLDT Inc. (NYSE:PHI - Get Free Report) saw strong trading volume on Tuesday . 96,501 shares traded hands during 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.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of PLDT from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 7th.
Check Out Our Latest Stock Report on PHI
PLDT Price Performance
The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. The business has a fifty day moving average price of $23.19 and a 200 day moving average price of $23.58. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.14 and a beta of 0.86.
PLDT (NYSE:PHI - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share for the quarter. The company 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%. As a group, research analysts anticipate that PLDT Inc. will post 2.76 earnings per share for the current year.
PLDT Announces Dividend
The company 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 $0.812 dividend. This represents a dividend yield of 5.4%. The ex-dividend date is Wednesday, March 12th. PLDT's payout ratio is 44.66%.
Institutional Trading of PLDT
A number of hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in PLDT by 6.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,842 shares of the technology company's stock worth $284,000 after buying an additional 807 shares during the period. Vident Advisory LLC raised its position in PLDT by 2.0% during the 4th quarter. Vident Advisory LLC now owns 42,876 shares of the technology company's stock worth $950,000 after purchasing an additional 854 shares during the last quarter. Signaturefd LLC lifted its holdings in PLDT by 8.3% during the 4th quarter. Signaturefd LLC now owns 15,219 shares of the technology company's stock worth $337,000 after buying an additional 1,172 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of PLDT by 12.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company's stock worth $258,000 after acquiring an additional 1,310 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of PLDT by 49.4% in the fourth quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company's stock worth $97,000 after acquiring an additional 1,453 shares during the period. 2.26% of the stock is owned by institutional investors and hedge funds.
About PLDT
(
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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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