PLDT (NYSE:PHI) Shares Gap Up to $28.04

PLDT Inc. (NYSE:PHIGet Rating) gapped up prior to trading on Friday . The stock had previously closed at $28.04, but opened at $28.72. PLDT shares last traded at $28.75, with a volume of 118 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Bank of America upgraded shares of PLDT from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 21st.

PLDT Price Performance

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.42 and a current ratio of 0.44. The company’s fifty day simple moving average is $29.89 and its two-hundred day simple moving average is $33.20. The stock has a market capitalization of $6.26 billion, a PE ratio of 10.58, a P/E/G ratio of 1.34 and a beta of 0.32.

PLDT Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 17th will be issued a dividend of $0.991 per share. The ex-dividend date is Tuesday, August 16th. This is an increase from PLDT’s previous Semi-Annual dividend of $0.81. This represents a dividend yield of 3.8%. PLDT’s payout ratio is 43.80%.

Institutional Investors Weigh In On PLDT

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of PLDT by 75.8% during the second quarter. Goldman Sachs Group Inc. now owns 27,592 shares of the technology company’s stock worth $839,000 after purchasing an additional 11,899 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of PLDT during the second quarter worth $789,000. Cubist Systematic Strategies LLC acquired a new position in shares of PLDT during the second quarter worth $248,000. Citadel Advisors LLC lifted its position in shares of PLDT by 157.5% during the second quarter. Citadel Advisors LLC now owns 26,307 shares of the technology company’s stock worth $800,000 after purchasing an additional 16,089 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of PLDT by 24.2% during the second quarter. Millennium Management LLC now owns 30,138 shares of the technology company’s stock worth $917,000 after purchasing an additional 5,878 shares in the last quarter. 3.06% of the stock is currently owned by hedge funds and other institutional investors.

About PLDT

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PLDT Inc provides telecommunications and digital services in the Philippines. It operates through three segments: Wireless, Fixed Line, and Others. The company offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.

Further Reading

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