Alfredo Santos Panlilio Sells 4,505 Shares of PLDT (NYSE:PHI) Stock

PLDT Inc. (NYSE:PHI) Director Alfredo Santos Panlilio sold 4,505 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $22.64, for a total transaction of $101,993.20. Following the sale, the director directly owned 3,000 shares in the company, valued at approximately $67,920. This represents a 60.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PLDT Stock Up 1.0%

PHI stock opened at $20.67 on Wednesday. The company has a market cap of $4.47 billion, a P/E ratio of 8.54 and a beta of 0.71. PLDT Inc. has a 52 week low of $18.61 and a 52 week high of $24.51. The company’s 50-day moving average price is $22.40 and its 200 day moving average price is $21.49. The company has a current ratio of 0.38, a quick ratio of 0.37 and a debt-to-equity ratio of 2.32.

PLDT (NYSE:PHI) last announced its quarterly earnings results on Friday, February 27th. The technology company reported $0.67 earnings per share (EPS) for the quarter. PLDT had a net margin of 13.78% and a return on equity of 28.11%. The company had revenue of $905.99 million for the quarter. On average, research analysts expect that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.

PLDT Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, March 25th will be issued a $0.7977 dividend. This represents a dividend yield of 746.0%. The ex-dividend date of this dividend is Wednesday, March 25th. PLDT’s dividend payout ratio is 47.93%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PLDT in a report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Trading of PLDT

A number of hedge funds have recently bought and sold shares of the company. CWM LLC grew its stake in PLDT by 22.1% in the 4th quarter. CWM LLC now owns 2,590 shares of the technology company’s stock worth $56,000 after acquiring an additional 469 shares during the period. Signaturefd LLC grew its stake in PLDT by 8.7% in the 4th quarter. Signaturefd LLC now owns 7,472 shares of the technology company’s stock worth $162,000 after acquiring an additional 597 shares during the period. Envestnet Asset Management Inc. grew its stake in PLDT by 6.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,514 shares of the technology company’s stock worth $253,000 after acquiring an additional 862 shares during the period. Farther Finance Advisors LLC grew its stake in PLDT by 272.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock worth $28,000 after acquiring an additional 955 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in PLDT in the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 2.26% of the company’s stock.

About PLDT

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.