Guggenheim Capital LLC Cuts Stock Position in PLDT Inc. (NYSE:PHI)

Guggenheim Capital LLC cut its stake in shares of PLDT Inc. (NYSE:PHI) by 28.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,808 shares of the technology company’s stock after selling 20,128 shares during the quarter. Guggenheim Capital LLC’s holdings in PLDT were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of PHI. Wetherby Asset Management Inc. lifted its holdings in PLDT by 3.6% in the 1st quarter. Wetherby Asset Management Inc. now owns 16,686 shares of the technology company’s stock worth $586,000 after buying an additional 581 shares during the period. Goldman Sachs Group Inc. lifted its holdings in PLDT by 7.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,693 shares of the technology company’s stock worth $551,000 after buying an additional 1,143 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of PLDT in the 1st quarter worth approximately $29,000. US Bancorp DE raised its position in shares of PLDT by 9.5% in the 1st quarter. US Bancorp DE now owns 13,863 shares of the technology company’s stock worth $487,000 after acquiring an additional 1,208 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in shares of PLDT by 10.2% in the 1st quarter. First Trust Direct Indexing L.P. now owns 15,255 shares of the technology company’s stock worth $385,000 after acquiring an additional 1,406 shares in the last quarter. 2.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

PLDT Stock Up 0.5 %

PHI stock opened at $20.52 on Friday. PLDT Inc. has a twelve month low of $20.20 and a twelve month high of $30.64. The company has a quick ratio of 0.33, a current ratio of 0.35 and a debt-to-equity ratio of 1.98. The firm has a market cap of $4.43 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 1.39 and a beta of 0.59. The business has a 50 day moving average of $22.74 and a 200 day moving average of $22.93.

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

PLDT Cuts Dividend

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

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.