Panagora Asset Management Inc. raised its stake in shares of PLDT Inc (NYSE:PHI) by 75.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,948 shares of the technology company’s stock after buying an additional 18,910 shares during the quarter. Panagora Asset Management Inc.’s holdings in PLDT were worth $1,091,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Advisor Group Inc. grew its stake in PLDT by 970.3% in the second quarter. Advisor Group Inc. now owns 974 shares of the technology company’s stock worth $25,000 after purchasing an additional 883 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in PLDT during the 1st quarter worth $41,000. Signaturefd LLC increased its stake in PLDT by 20.7% during the 1st quarter. Signaturefd LLC now owns 2,448 shares of the technology company’s stock worth $53,000 after buying an additional 420 shares during the period. Deutsche Bank AG purchased a new stake in PLDT during the 4th quarter worth $89,000. Finally, Greenleaf Trust purchased a new stake in PLDT during the 1st quarter worth $223,000. Institutional investors and hedge funds own 8.41% of the company’s stock.
PHI stock traded up $0.09 during mid-day trading on Thursday, hitting $23.08. 196 shares of the company were exchanged, compared to its average volume of 131,518. The company has a market capitalization of $4.77 billion, a PE ratio of 10.13 and a beta of 0.50. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 1.49. PLDT Inc has a twelve month low of $19.36 and a twelve month high of $27.00. The firm has a fifty day simple moving average of $21.81 and a 200 day simple moving average of $22.88.
PLDT (NYSE:PHI) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.50 earnings per share for the quarter. The company had revenue of $819.46 million during the quarter. PLDT had a net margin of 11.64% and a return on equity of 22.02%. As a group, sell-side analysts anticipate that PLDT Inc will post 2.36 earnings per share for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, September 18th. Investors of record on Monday, August 26th will be issued a $0.462 dividend. The ex-dividend date is Friday, August 23rd. PLDT’s payout ratio is currently 40.53%.
Several equities research analysts recently issued reports on the stock. CLSA downgraded shares of PLDT from an “outperform” rating to an “underperform” rating in a research note on Friday, June 7th. Nomura raised shares of PLDT from a “neutral” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Zacks Investment Research raised shares of PLDT from a “sell” rating to a “hold” rating in a research note on Tuesday. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.00.
PLDT Inc operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The Wireless segment 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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