Vanguard Personalized Indexing Management LLC Increases Position in PLDT Inc. $PHI

Vanguard Personalized Indexing Management LLC raised its position in PLDT Inc. (NYSE:PHI) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,263 shares of the technology company’s stock after purchasing an additional 2,580 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in PLDT were worth $550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PHI. Crossmark Global Holdings Inc. purchased a new stake in PLDT in the first quarter valued at approximately $5,891,000. Jane Street Group LLC raised its position in PLDT by 227.9% in the first quarter. Jane Street Group LLC now owns 77,493 shares of the technology company’s stock valued at $1,695,000 after purchasing an additional 53,861 shares during the period. Goldman Sachs Group Inc. raised its position in PLDT by 106.8% in the first quarter. Goldman Sachs Group Inc. now owns 53,776 shares of the technology company’s stock valued at $1,176,000 after purchasing an additional 27,769 shares during the period. Cerity Partners LLC purchased a new stake in PLDT in the first quarter valued at approximately $572,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of PLDT in the second quarter worth $489,000. Hedge funds and other institutional investors own 2.26% of the company’s stock.

PLDT Stock Up 1.2%

PHI stock opened at $19.19 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.16. PLDT Inc. has a twelve month low of $18.61 and a twelve month high of $25.91. The company’s 50 day moving average is $20.02 and its two-hundred day moving average is $21.68. The stock has a market cap of $4.15 billion, a P/E ratio of 7.41, a PEG ratio of 1.67 and a beta of 0.62.

PLDT Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, August 27th were paid a $0.8414 dividend. This is a boost from PLDT’s previous semi-annual dividend of $0.81. This represents a yield of 530.0%. The ex-dividend date was Wednesday, August 27th. PLDT’s payout ratio is currently 47.10%.

Analyst Ratings Changes

Several equities analysts have commented on PHI shares. Weiss Ratings restated a “hold (c-)” rating on shares of PLDT in a research note on Wednesday, October 8th. UBS Group downgraded shares of PLDT from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 27th. Finally, Zacks Research upgraded shares of PLDT from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.