Marshall Wace LLP Sells 5,380 Shares of PLDT Inc. (NYSE:PHI)

Marshall Wace LLP trimmed its position in shares of PLDT Inc. (NYSE:PHI) by 28.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,720 shares of the technology company’s stock after selling 5,380 shares during the quarter. Marshall Wace LLP’s holdings in PLDT were worth $337,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of PLDT by 3.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,836 shares of the technology company’s stock worth $324,000 after purchasing an additional 433 shares in the last quarter. Oldfield Partners LLP lifted its position in shares of PLDT by 1.1% during the second quarter. Oldfield Partners LLP now owns 45,000 shares of the technology company’s stock worth $1,105,000 after purchasing an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of PLDT by 141.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock worth $33,000 after purchasing an additional 819 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of PLDT by 19.7% during the second quarter. Sequoia Financial Advisors LLC now owns 10,439 shares of the technology company’s stock worth $256,000 after purchasing an additional 1,719 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in PLDT in the first quarter valued at approximately $62,000. 2.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of PLDT from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 30th.

PLDT Price Performance

Shares of PHI stock opened at $26.76 on Friday. PLDT Inc. has a 52-week low of $21.34 and a 52-week high of $30.39. The stock has a market cap of $5.81 billion, a PE ratio of 10.15, a PEG ratio of 1.39 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. The firm’s 50 day moving average price is $27.17 and its two-hundred day moving average price is $25.45.

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

PLDT Increases Dividend

The company also recently declared 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. This represents a dividend yield of 4.4%. This is a boost from PLDT’s previous Semi-Annual dividend of $0.60. The ex-dividend date was Monday, August 26th.

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.