Allianz SE Makes New $906,000 Investment in PLDT Inc. (NYSE:PHI)

Allianz SE purchased a new stake in shares of PLDT Inc. (NYSE:PHI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 40,893 shares of the technology company’s stock, valued at approximately $906,000.

A number of other large investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in PLDT in the third quarter worth approximately $79,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of PLDT by 655.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company’s stock worth $2,334,000 after buying an additional 91,418 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of PLDT by 6.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,842 shares of the technology company’s stock worth $284,000 after acquiring an additional 807 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of PLDT by 12.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company’s stock worth $258,000 after acquiring an additional 1,310 shares during the period. Finally, Corient Private Wealth LLC increased its position in PLDT by 20.5% during the fourth quarter. Corient Private Wealth LLC now owns 18,542 shares of the technology company’s stock valued at $411,000 after acquiring an additional 3,149 shares during the last quarter. 2.26% of the stock is currently owned by institutional investors.

PLDT Stock Down 0.9 %

PHI opened at $22.16 on Monday. PLDT Inc. has a 1-year low of $21.00 and a 1-year high of $29.05. The firm’s 50 day simple moving average is $23.25 and its two-hundred day simple moving average is $23.71. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $4.79 billion, a PE ratio of 8.46, a PEG ratio of 1.14 and a beta of 0.68.

PLDT (NYSE:PHI) last released its earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The company had revenue of $960.62 million for the quarter. As a group, equities analysts forecast that PLDT Inc. will post 2.76 EPS for the current year.

PLDT Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.812 per share. This represents a yield of 5.4%. The ex-dividend date is Wednesday, March 12th. PLDT’s payout ratio is 44.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded PLDT from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th.

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.