PLDT (NYSE:PHI) Downgraded to “Buy” Rating by StockNews.com

StockNews.com cut shares of PLDT (NYSE:PHI) from a strong-buy rating to a buy rating in a research note released on Friday.

PLDT Trading Down 1.9 %

Shares of PLDT stock opened at $23.67 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.32 and a current ratio of 0.33. The company has a fifty day simple moving average of $26.38 and a 200-day simple moving average of $25.61. PLDT has a 12-month low of $21.94 and a 12-month high of $30.39.

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

PLDT Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, August 26th were given a dividend of $0.634 per share. The ex-dividend date of this dividend was Monday, August 26th. This is a positive change from PLDT’s previous Semi-Annual dividend of $0.60. This represents a dividend yield of 4.4%. PLDT’s dividend payout ratio (DPR) is 44.37%.

Institutional Trading of PLDT

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of PLDT by 48.3% during the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after buying an additional 390 shares during the last quarter. Oldfield Partners LLP lifted its holdings in shares of PLDT by 0.9% during the third quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company’s stock worth $1,220,000 after purchasing an additional 400 shares during the period. EverSource Wealth Advisors LLC grew its position in PLDT by 141.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock valued at $33,000 after buying an additional 819 shares during the last quarter. Ballentine Partners LLC increased its stake in PLDT by 6.9% in the 3rd quarter. Ballentine Partners LLC now owns 12,838 shares of the technology company’s stock valued at $345,000 after buying an additional 826 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in PLDT during the 3rd quarter worth $28,000. Institutional investors and hedge funds 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.