PLDT Inc. (NYSE:PHI) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in shares of PLDT Inc. (NYSE:PHI) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,842 shares of the technology company’s stock after purchasing an additional 807 shares during the quarter. PNC Financial Services Group Inc.’s holdings in PLDT were worth $284,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PHI. BNP Paribas Financial Markets purchased a new stake in shares of PLDT in the 3rd quarter worth about $79,000. Robeco Institutional Asset Management B.V. raised its position in PLDT by 655.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company’s stock worth $2,334,000 after acquiring an additional 91,418 shares during the last quarter. West Family Investments Inc. lifted its holdings in shares of PLDT by 42.1% in the fourth quarter. West Family Investments Inc. now owns 12,352 shares of the technology company’s stock valued at $274,000 after purchasing an additional 3,659 shares in the last quarter. Quantinno Capital Management LP grew its position 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 purchasing an additional 3,659 shares during the last quarter. Finally, Ballentine Partners LLC increased 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 in the last quarter. Institutional investors and hedge funds own 2.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised PLDT from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th.

PLDT Stock Down 2.7 %

PHI opened at $22.75 on Friday. The firm has a market cap of $4.91 billion, a P/E ratio of 8.68, a PEG ratio of 1.14 and a beta of 0.68. The business’s fifty day simple moving average is $23.29 and its 200 day simple moving average is $23.88. PLDT Inc. has a 52 week low of $21.00 and a 52 week high of $29.05. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24.

PLDT (NYSE:PHI) last released its earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share (EPS) 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, equities research analysts anticipate that PLDT Inc. will post 2.76 EPS for the current fiscal year.

PLDT Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, March 12th will be paid a $0.812 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a yield of 5.4%. PLDT’s payout ratio is currently 44.66%.

PLDT Company Profile

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.