Ballentine Partners LLC Buys 826 Shares of PLDT Inc. (NYSE:PHI)

Ballentine Partners LLC increased its stake in PLDT Inc. (NYSE:PHI) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,838 shares of the technology company’s stock after buying an additional 826 shares during the quarter. Ballentine Partners LLC’s holdings in PLDT were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in PLDT by 10.9% in the second quarter. American Century Companies Inc. now owns 93,479 shares of the technology company’s stock worth $2,296,000 after buying an additional 9,206 shares during the last quarter. Creative Planning lifted its position in PLDT by 21.1% in the third quarter. Creative Planning now owns 67,897 shares of the technology company’s stock worth $1,825,000 after buying an additional 11,847 shares during the last quarter. Oldfield Partners LLP lifted its position in PLDT by 0.9% in the third quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company’s stock worth $1,220,000 after buying an additional 400 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position 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 worth $934,000 after buying an additional 29,225 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its position in shares of PLDT by 80.2% during the second quarter. Kathmere Capital Management LLC now owns 18,887 shares of the technology company’s stock worth $464,000 after purchasing an additional 8,408 shares during the last quarter. 2.26% of the stock is currently owned by institutional investors.

PLDT Stock Down 1.4 %

NYSE:PHI opened at $24.57 on Tuesday. PLDT Inc. has a twelve month low of $21.39 and a twelve month high of $30.39. The stock has a fifty day simple moving average of $26.74 and a 200-day simple moving average of $25.58. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 2.21.

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

PLDT Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, August 26th were issued a $0.634 dividend. This is an increase from PLDT’s previous Semi-Annual dividend of $0.60. This represents a dividend yield of 4.4%. The ex-dividend date was Monday, August 26th.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded PLDT from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd.

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.