Allspring Global Investments Holdings LLC Acquires Shares of 1,039 PLDT Inc. (NYSE:PHI)

Allspring Global Investments Holdings LLC acquired a new stake in PLDT Inc. (NYSE:PHI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,039 shares of the technology company’s stock, valued at approximately $28,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of PLDT by 48.3% in the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock valued at $32,000 after acquiring an additional 390 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of PLDT by 141.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock valued at $33,000 after acquiring an additional 819 shares during the period. SageView Advisory Group LLC purchased a new position in shares of PLDT in the first quarter valued at about $62,000. Blue Trust Inc. increased its position in shares of PLDT by 392.6% in the second quarter. Blue Trust Inc. now owns 4,709 shares of the technology company’s stock valued at $116,000 after acquiring an additional 3,753 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of PLDT by 19.7% in the second quarter. Sequoia Financial Advisors LLC now owns 10,439 shares of the technology company’s stock valued at $256,000 after acquiring an additional 1,719 shares during the period. Hedge funds and other institutional investors own 2.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of PLDT from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

PLDT Stock Performance

Shares of PHI opened at $23.82 on Wednesday. The firm’s 50-day moving average price is $26.30 and its 200-day moving average price is $25.62. 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 1-year low of $21.94 and a 1-year high of $30.39.

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

PLDT Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, August 26th were paid a dividend of $0.634 per share. This is a positive change from PLDT’s previous Semi-Annual dividend of $0.60. The ex-dividend date was Monday, August 26th. This represents a dividend 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.