American Century Companies Inc. Purchases 13,406 Shares of PLDT Inc. (NYSE:PHI)

American Century Companies Inc. boosted its position in PLDT Inc. (NYSE:PHI) by 13.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 110,252 shares of the technology company’s stock after acquiring an additional 13,406 shares during the period. American Century Companies Inc. owned 0.05% of PLDT worth $2,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PHI. SBI Securities Co. Ltd. purchased a new position in shares of PLDT in the fourth quarter worth about $49,000. BNP Paribas Financial Markets purchased a new position in PLDT in the 3rd quarter valued at approximately $79,000. Sequoia Financial Advisors LLC raised its holdings in PLDT by 12.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company’s stock valued at $258,000 after acquiring an additional 1,310 shares during the period. West Family Investments Inc. lifted its position in shares of PLDT by 42.1% during the fourth quarter. West Family Investments Inc. now owns 12,352 shares of the technology company’s stock worth $274,000 after acquiring an additional 3,659 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of PLDT by 6.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,842 shares of the technology company’s stock worth $284,000 after acquiring an additional 807 shares in the last quarter. 2.26% of the stock is currently owned by institutional investors.

PLDT Stock Down 2.7 %

PHI stock opened at $20.69 on Tuesday. PLDT Inc. has a twelve month low of $20.29 and a twelve month high of $29.05. The firm has a market capitalization of $4.47 billion, a PE ratio of 7.90, a PEG ratio of 1.14 and a beta of 0.86. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. The stock has a 50-day simple moving average of $23.16 and a two-hundred day simple moving average of $23.52.

PLDT (NYSE:PHI) last issued its quarterly earnings data on Thursday, March 13th. The technology company reported $0.67 EPS for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. The company had revenue of $960.62 million during the quarter. On average, equities analysts predict that PLDT Inc. will post 2.76 EPS for the current fiscal year.

PLDT Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, March 12th will be given a $0.812 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a dividend yield of 5.4%. PLDT’s dividend payout ratio (DPR) is presently 44.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded PLDT from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 7th.

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.