PLDT Inc. (NYSE:PHI) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its stake in PLDT Inc. (NYSE:PHI) by 194.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,883 shares of the technology company’s stock after acquiring an additional 9,174 shares during the period. Blue Trust Inc.’s holdings in PLDT were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PHI. PNC Financial Services Group Inc. boosted its stake in PLDT by 3.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,836 shares of the technology company’s stock valued at $324,000 after acquiring an additional 433 shares during the period. Ballentine Partners LLC boosted its stake in PLDT by 23.3% in the first quarter. Ballentine Partners LLC now owns 14,582 shares of the technology company’s stock valued at $360,000 after acquiring an additional 2,753 shares during the period. Kathmere Capital Management LLC acquired a new position in PLDT in the first quarter valued at approximately $258,000. SageView Advisory Group LLC bought a new stake in shares of PLDT during the first quarter valued at approximately $62,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of PLDT by 337.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after buying an additional 29,225 shares during the last quarter. 2.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised PLDT from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

PLDT Stock Performance

PHI opened at $25.50 on Thursday. The business’s 50 day moving average is $26.98 and its 200-day moving average is $25.56. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 2.21. PLDT Inc. has a twelve month low of $21.39 and a twelve month high of $30.39.

PLDT (NYSE:PHI) last released its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.67 earnings per share for the quarter. The company had revenue of $923.00 million for the quarter. PLDT had a return on equity of 21.49% and a net margin of 12.33%. Equities research analysts expect that PLDT Inc. will post 2.76 earnings per share for the current year.

PLDT Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, August 26th were issued a dividend of $0.634 per share. This is a boost from PLDT’s previous Semi-Annual dividend of $0.60. The ex-dividend date was Monday, August 26th. This represents a yield of 4.4%.

About PLDT

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.