Rhumbline Advisers decreased its position in shares of PLDT Inc. (NYSE:PHI – Free Report) 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 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.
Check Out Our Latest Report on PLDT
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.
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