PLDT Inc (NYSE:PHI) has earned an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $28.00.
PHI has been the topic of several research reports. Zacks Investment Research downgraded PLDT from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Credit Suisse Group raised PLDT from an “underperform” rating to a “neutral” rating in a research report on Thursday, March 7th.
Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC grew its stake in shares of PLDT by 109.8% in the fourth quarter. Acadian Asset Management LLC now owns 30,903 shares of the technology company’s stock worth $661,000 after purchasing an additional 16,171 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of PLDT in the fourth quarter worth $521,000. United Services Automobile Association grew its stake in shares of PLDT by 6.5% in the fourth quarter. United Services Automobile Association now owns 78,880 shares of the technology company’s stock worth $1,686,000 after purchasing an additional 4,800 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PLDT by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 452,819 shares of the technology company’s stock worth $9,678,000 after purchasing an additional 3,129 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of PLDT in the fourth quarter worth $470,000. 8.00% of the stock is currently owned by institutional investors and hedge funds.
PLDT stock opened at $25.55 on Monday. PLDT has a 12 month low of $19.36 and a 12 month high of $27.65. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.43 and a current ratio of 0.45. The company has a market capitalization of $5.50 billion, a PE ratio of 11.26 and a beta of 0.74.
PLDT (NYSE:PHI) last posted its earnings results on Thursday, May 9th. The technology company reported $0.63 EPS for the quarter. PLDT had a return on equity of 23.17% and a net margin of 11.31%. The company had revenue of $791.00 million for the quarter. On average, analysts anticipate that PLDT will post 2.37 EPS for the current year.
The business also recently declared a semiannual dividend, which was paid on Friday, May 3rd. Investors of record on Wednesday, April 3rd were given a dividend of $0.6817 per share. This represents a yield of 6.16%. The ex-dividend date of this dividend was Tuesday, April 2nd. PLDT’s dividend payout ratio is currently 40.53%.
PLDT Company Profile
PLDT Inc operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The Wireless segment offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.
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