US Bancorp DE Has $396,000 Stake in PLDT Inc. (NYSE:PHI)

US Bancorp DE boosted its holdings in shares of PLDT Inc. (NYSE:PHI) by 22.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,861 shares of the technology company’s stock after purchasing an additional 3,269 shares during the period. US Bancorp DE’s holdings in PLDT were worth $396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC increased its holdings in PLDT by 12.5% in the fourth quarter. Ballentine Partners LLC now owns 14,448 shares of the technology company’s stock valued at $320,000 after purchasing an additional 1,610 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of PLDT in the 3rd quarter worth approximately $79,000. Quantinno Capital Management LP grew its stake in PLDT by 37.2% in the 3rd quarter. Quantinno Capital Management LP now owns 13,495 shares of the technology company’s stock valued at $363,000 after buying an additional 3,659 shares in the last quarter. Kathmere Capital Management LLC grew its stake in PLDT by 15.6% in the 4th quarter. Kathmere Capital Management LLC now owns 29,035 shares of the technology company’s stock valued at $643,000 after buying an additional 3,915 shares in the last quarter. Finally, Ascent Group LLC purchased a new position in shares of PLDT during the 3rd quarter valued at $218,000. 2.26% of the stock is currently owned by institutional investors.

PLDT Stock Performance

Shares of NYSE:PHI opened at $23.89 on Thursday. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 1.14 and a beta of 0.68. The company has a 50-day moving average price of $23.13 and a 200-day moving average price of $24.04. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. PLDT Inc. has a 12 month low of $21.00 and a 12 month high of $29.05.

PLDT Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, March 12th will be given a dividend of $0.812 per share. This represents a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, March 12th. PLDT’s dividend payout ratio is currently 38.61%.

Analyst Ratings Changes

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

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.