PLDT (NYSE:PHI) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

PLDT Inc. (NYSE:PHI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.27 and traded as high as $22.54. PLDT shares last traded at $22.2450, with a volume of 58,232 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of PLDT in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, PLDT presently has an average rating of “Hold”.

PLDT Stock Performance

The firm has a 50 day moving average of $22.95 and a 200-day moving average of $21.27. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.37 and a current ratio of 0.38.

PLDT (NYSE:PHI) last announced its quarterly earnings data on Thursday, March 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.24). PLDT had a return on equity of 28.27% and a net margin of 13.40%.The firm had revenue of $905.99 million during the quarter, compared to the consensus estimate of $959.14 million. Analysts anticipate that PLDT Inc. will post 2.76 EPS for the current fiscal year.

PLDT Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, March 25th will be given a $0.7977 dividend. This represents a yield of 667.0%. The ex-dividend date of this dividend is Wednesday, March 25th. PLDT’s dividend payout ratio (DPR) is 51.48%.

Institutional Investors Weigh In On PLDT

A number of institutional investors have recently bought and sold shares of PHI. CWM LLC raised its stake in shares of PLDT by 22.1% in the 4th quarter. CWM LLC now owns 2,590 shares of the technology company’s stock valued at $56,000 after buying an additional 469 shares in the last quarter. Signaturefd LLC boosted its position in shares of PLDT by 8.7% during the 4th quarter. Signaturefd LLC now owns 7,472 shares of the technology company’s stock valued at $162,000 after acquiring an additional 597 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of PLDT by 6.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 13,514 shares of the technology company’s stock valued at $253,000 after acquiring an additional 862 shares in the last quarter. Farther Finance Advisors LLC increased its stake in PLDT by 272.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock valued at $28,000 after acquiring an additional 955 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in PLDT in the fourth quarter valued at about $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.