PLDT (NYSE:PHI) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of PLDT (NYSE:PHI) from a strong-buy rating to a buy rating in a report released on Monday morning.

PLDT Stock Up 0.4 %

PHI opened at $27.45 on Monday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.33 and a quick ratio of 0.32. PLDT has a 12 month low of $20.27 and a 12 month high of $30.39. The stock’s 50 day moving average price is $27.02 and its 200 day moving average price is $25.32. The stock has a market cap of $5.93 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.42 and a beta of 0.67.

PLDT (NYSE:PHI) last issued its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.67 EPS 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%. As a group, research analysts predict that PLDT will post 2.76 earnings per share for the current year.

PLDT Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, August 26th were paid a $0.634 dividend. This is a positive change from PLDT’s previous Semi-Annual dividend of $0.60. This represents a dividend yield of 4.4%. The ex-dividend date was Monday, August 26th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in PLDT by 10.9% in the second quarter. American Century Companies Inc. now owns 93,479 shares of the technology company’s stock worth $2,296,000 after purchasing an additional 9,206 shares during the period. Creative Planning raised its stake in shares of PLDT by 19.6% in the 2nd quarter. Creative Planning now owns 56,050 shares of the technology company’s stock worth $1,377,000 after buying an additional 9,169 shares in the last quarter. Oldfield Partners LLP lifted its holdings in shares of PLDT by 1.1% in the second quarter. Oldfield Partners LLP now owns 45,000 shares of the technology company’s stock valued at $1,105,000 after buying an additional 500 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in 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 in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in PLDT by 80.2% during the second quarter. Kathmere Capital Management LLC now owns 18,887 shares of the technology company’s stock worth $464,000 after acquiring an additional 8,408 shares during the period. Institutional investors and hedge funds own 2.26% of the company’s stock.

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.