PLDT (NYSE:PHI) Upgraded at StockNews.com

StockNews.com upgraded shares of PLDT (NYSE:PHI) from a buy rating to a strong-buy rating in a report published on Friday morning.

PLDT Stock Up 0.4 %

NYSE:PHI opened at $24.71 on Friday. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.68. PLDT has a twelve month low of $21.00 and a twelve month high of $30.39. The stock’s 50 day moving average price is $22.99 and its two-hundred day moving average price is $24.09. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24.

PLDT Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.812 per share. This represents a dividend yield of 5.4%. The ex-dividend date is Wednesday, March 12th. PLDT’s payout ratio is presently 38.61%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Invesco Ltd. increased its holdings in shares of PLDT by 19.8% during the 4th quarter. Invesco Ltd. now owns 1,536,883 shares of the technology company’s stock worth $34,042,000 after acquiring an additional 254,110 shares during the last quarter. Northern Trust Corp increased its holdings in shares of PLDT by 1,189.5% during the 4th quarter. Northern Trust Corp now owns 138,992 shares of the technology company’s stock worth $3,079,000 after acquiring an additional 128,213 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of PLDT by 40.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,316 shares of the technology company’s stock worth $2,510,000 after acquiring an additional 32,791 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of PLDT by 13.8% during the 4th quarter. American Century Companies Inc. now owns 110,252 shares of the technology company’s stock worth $2,442,000 after acquiring an additional 13,406 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of PLDT by 655.5% during 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 acquiring an additional 91,418 shares during the last quarter. 2.26% of the stock is owned by institutional investors and hedge funds.

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.