O Shaughnessy Asset Management LLC Lowers Position in PLDT Inc. (NYSE:PHI)

O Shaughnessy Asset Management LLC decreased its holdings in shares of PLDT Inc. (NYSE:PHI) by 16.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 65,742 shares of the technology company’s stock after selling 13,029 shares during the period. O Shaughnessy Asset Management LLC’s holdings in PLDT were worth $1,456,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in PLDT during the third quarter valued at approximately $79,000. Quantinno Capital Management LP boosted its position in PLDT by 37.2% during the 3rd quarter. Quantinno Capital Management LP now owns 13,495 shares of the technology company’s stock valued at $363,000 after acquiring an additional 3,659 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of PLDT by 15.6% in the 4th quarter. Kathmere Capital Management LLC now owns 29,035 shares of the technology company’s stock valued at $643,000 after acquiring an additional 3,915 shares during the period. Ballentine Partners LLC raised its position in shares of PLDT by 12.5% in the 4th quarter. Ballentine Partners LLC now owns 14,448 shares of the technology company’s stock worth $320,000 after acquiring an additional 1,610 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of PLDT by 70.4% during the 4th quarter. Blue Trust Inc. now owns 23,655 shares of the technology company’s stock worth $524,000 after purchasing an additional 9,772 shares during the last quarter. Institutional investors own 2.26% of the company’s stock.

PLDT Stock Down 3.8 %

Shares of PLDT stock opened at $21.29 on Friday. PLDT Inc. has a 52-week low of $21.00 and a 52-week high of $29.05. The firm’s 50 day moving average price is $23.19 and its 200-day moving average price is $23.58. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. The company has a market cap of $4.60 billion, a P/E ratio of 8.13, a PEG ratio of 1.14 and a beta of 0.86.

PLDT (NYSE:PHI) last issued its quarterly earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share (EPS) for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The business had revenue of $960.62 million for the quarter. On average, sell-side analysts predict that PLDT Inc. will post 2.76 EPS for the current fiscal year.

PLDT Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.