PLDT Inc. (NYSE:PHI) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in PLDT Inc. (NYSE:PHI) by 585.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,299 shares of the technology company’s stock after acquiring an additional 4,526 shares during the quarter. Tower Research Capital LLC TRC’s holdings in PLDT were worth $134,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in PLDT during the first quarter worth about $29,000. Belpointe Asset Management LLC purchased a new stake in shares of PLDT during the 4th quarter valued at approximately $46,000. GPS Wealth Strategies Group LLC acquired a new position in PLDT in the first quarter valued at approximately $48,000. Citigroup Inc. grew its position in PLDT by 1,869.6% in the first quarter. Citigroup Inc. now owns 2,265 shares of the technology company’s stock worth $80,000 after acquiring an additional 2,150 shares during the period. Finally, Ronald Blue Trust Inc. increased its stake in PLDT by 72.3% during the first quarter. Ronald Blue Trust Inc. now owns 3,583 shares of the technology company’s stock worth $82,000 after acquiring an additional 1,503 shares during the last quarter. Hedge funds and other institutional investors own 2.27% of the company’s stock.

PLDT Stock Performance

NYSE:PHI opened at $20.44 on Friday. PLDT Inc. has a fifty-two week low of $20.20 and a fifty-two week high of $30.64. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.33 and a current ratio of 0.35. The company has a 50 day moving average price of $22.87 and a 200 day moving average price of $22.98. The stock has a market capitalization of $4.42 billion, a P/E ratio of 21.07, a PEG ratio of 1.39 and a beta of 0.59.

PLDT (NYSE:PHI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.70 earnings per share for the quarter. The business had revenue of $929.20 million during the quarter. PLDT had a return on equity of 26.64% and a net margin of 5.50%. Equities research analysts forecast that PLDT Inc. will post 2.67 EPS for the current year.

PLDT Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, September 18th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.639 per share. The ex-dividend date is Tuesday, August 15th. This represents a yield of 5.4%. PLDT’s dividend payout ratio (DPR) is presently 131.96%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on PLDT in a research report on Thursday, August 17th. They set a “buy” rating for the company.

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.