PLDT (NYSE:PHI) Reaches New 12-Month Low – Here’s What Happened

PLDT Inc. (NYSE:PHI) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.00 and last traded at $21.00, with a volume of 395 shares changing hands. The stock had previously closed at $21.27.

Wall Street Analysts Forecast Growth

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

PLDT Trading Down 2.2 %

The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. The company has a market capitalization of $4.50 billion, a P/E ratio of 7.93, a PEG ratio of 1.14 and a beta of 0.86. The stock has a fifty day moving average of $23.19 and a 200 day moving average of $23.56.

PLDT (NYSE:PHI) last issued its quarterly earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share (EPS) for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The business had revenue of $960.62 million during the quarter. As a group, equities research analysts anticipate that PLDT Inc. will post 2.76 EPS for the current fiscal year.

PLDT Dividend Announcement

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

Hedge Funds Weigh In On PLDT

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in PLDT during the 3rd quarter valued at about $79,000. Quantinno Capital Management LP grew its stake in shares of PLDT by 37.2% during the third 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 during the last quarter. Kathmere Capital Management LLC raised its holdings in shares of PLDT by 15.6% in the fourth quarter. Kathmere Capital Management LLC now owns 29,035 shares of the technology company’s stock worth $643,000 after buying an additional 3,915 shares during the period. Ballentine Partners LLC lifted 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 acquiring an additional 1,610 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in PLDT by 70.4% during the 4th quarter. Blue Trust Inc. now owns 23,655 shares of the technology company’s stock valued at $524,000 after acquiring an additional 9,772 shares during the period. Hedge funds and other institutional investors own 2.26% of the company’s stock.

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.