Cerity Partners LLC Purchases New Holdings in PLDT Inc. (NYSE:PHI)

Cerity Partners LLC bought a new stake in shares of PLDT Inc. (NYSE:PHI) in the fourth quarter, Holdings Channel reports. The fund bought 9,007 shares of the technology company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PHI. Deutsche Bank AG acquired a new position in PLDT in the 3rd quarter valued at $880,000. Citigroup Inc. grew its holdings in shares of PLDT by 10.9% during the third quarter. Citigroup Inc. now owns 26,649 shares of the technology company’s stock worth $551,000 after buying an additional 2,627 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of PLDT by 5.5% in the third quarter. PNC Financial Services Group Inc. now owns 13,403 shares of the technology company’s stock valued at $277,000 after buying an additional 698 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of PLDT in the fourth quarter worth about $277,000. Finally, Sequoia Financial Advisors LLC acquired a new position in PLDT during the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 2.26% of the company’s stock.

PLDT Stock Performance

Shares of PLDT stock opened at $24.07 on Tuesday. The business’s 50 day moving average price is $23.81 and its 200 day moving average price is $23.11. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.29 and a beta of 0.60. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.34 and a current ratio of 0.36. PLDT Inc. has a one year low of $19.02 and a one year high of $30.39.

PLDT Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, April 19th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.597 per share. The ex-dividend date was Tuesday, March 19th. This represents a dividend yield of 4.5%. PLDT’s dividend payout ratio is presently 132.96%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of PLDT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 11th.

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.