PLDT Inc. (NYSE:PHI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.08 and traded as high as $23.40. PLDT shares last traded at $23.31, with a volume of 62,121 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com raised PLDT from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 7th.
View Our Latest Analysis on PHI
PLDT Price Performance
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 company's 50-day moving average price is $23.01 and its 200-day moving average price is $23.00. The company has a market cap of $5.00 billion, a P/E ratio of 8.83, a P/E/G 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. 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, 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 was paid on Thursday, April 17th. Investors of record on Wednesday, March 12th were paid a $0.812 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a yield of 5.4%. PLDT's dividend payout ratio (DPR) is currently 45.42%.
Institutional Trading of PLDT
Hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in PLDT by 19.8% during the 4th quarter. Invesco Ltd. now owns 1,536,883 shares of the technology company's stock valued at $34,042,000 after purchasing an additional 254,110 shares during the last quarter. Northern Trust Corp lifted its stake in shares of PLDT by 1,189.5% during the 4th quarter. Northern Trust Corp now owns 138,992 shares of the technology company's stock worth $3,079,000 after buying an additional 128,213 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of PLDT by 655.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company's stock worth $2,334,000 after buying an additional 91,418 shares during the period. GAMMA Investing LLC grew its stake in PLDT by 3,217.4% in the 1st quarter. GAMMA Investing LLC now owns 48,136 shares of the technology company's stock valued at $1,053,000 after buying an additional 46,685 shares during the last quarter. Finally, Allianz SE bought a new stake in shares of PLDT in the fourth quarter valued at about $906,000. 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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