PLDT Inc. (NYSE:PHI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of PLDT Inc. (NYSE:PHI) by 4.6% in the second quarter, HoldingsChannel reports. The firm owned 26,636 shares of the technology company’s stock after selling 1,270 shares during the quarter. Rhumbline Advisers’ holdings in PLDT were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of PHI. O Shaughnessy Asset Management LLC lifted its holdings in PLDT by 337.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after acquiring an additional 29,225 shares during the period. Kathmere Capital Management LLC acquired a new position in PLDT in the first quarter valued at approximately $258,000. Vanguard Personalized Indexing Management LLC acquired a new position in PLDT in the fourth quarter valued at approximately $238,000. Barometer Capital Management Inc. acquired a new position in PLDT in the fourth quarter valued at approximately $117,000. Finally, 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 buying an additional 3,753 shares in the last quarter. 2.26% of the stock is owned by institutional investors and hedge funds.

PLDT Stock Performance

NYSE PHI opened at $27.28 on Wednesday. The stock’s fifty day moving average is $26.81 and its two-hundred day moving average is $25.25. The firm has a market capitalization of $5.89 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.32 and a current ratio of 0.33. PLDT Inc. has a fifty-two week low of $19.88 and a fifty-two week high of $30.39.

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

PLDT Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Monday, August 26th will be 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 is Monday, August 26th. This represents a yield of 4.4%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded PLDT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

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.