West Family Investments Inc. Acquires 3,659 Shares of PLDT Inc. (NYSE:PHI)

West Family Investments Inc. grew its holdings in shares of PLDT Inc. (NYSE:PHI) by 42.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,352 shares of the technology company’s stock after purchasing an additional 3,659 shares during the period. West Family Investments Inc.’s holdings in PLDT were worth $274,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in PLDT during the third quarter valued at $79,000. Robeco Institutional Asset Management B.V. raised its position 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 purchasing an additional 91,418 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of PLDT by 37.2% in the 3rd quarter. Quantinno Capital Management LP now owns 13,495 shares of the technology company’s stock worth $363,000 after purchasing an additional 3,659 shares during the last quarter. Ballentine Partners LLC boosted its stake in 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 purchasing an additional 1,610 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its position in PLDT by 15.6% during the 4th quarter. Kathmere Capital Management LLC now owns 29,035 shares of the technology company’s stock valued at $643,000 after purchasing an additional 3,915 shares during the last quarter. 2.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of PLDT from a “buy” rating to a “strong-buy” rating in a report on Friday.

PLDT Stock Performance

PHI stock opened at $24.71 on Friday. The stock’s 50 day simple moving average is $22.93 and its 200 day simple moving average is $24.18. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. PLDT Inc. has a 12-month low of $21.00 and a 12-month high of $30.39. The stock has a market capitalization of $5.34 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.68.

PLDT Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 17th. Stockholders 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 currently 38.61%.

PLDT 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.