PLDT Inc. (NYSE:PHI) Shares Acquired by Oldfield Partners LLP

Oldfield Partners LLP raised its holdings in shares of PLDT Inc. (NYSE:PHI) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,400 shares of the technology company’s stock after purchasing an additional 400 shares during the period. PLDT comprises about 0.3% of Oldfield Partners LLP’s portfolio, making the stock its 20th largest holding. Oldfield Partners LLP’s holdings in PLDT were worth $1,220,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in PLDT during the third quarter worth approximately $28,000. GAMMA Investing LLC raised its position in PLDT by 48.3% in the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after acquiring an additional 390 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in PLDT by 141.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock valued at $33,000 after acquiring an additional 819 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of PLDT during the 1st quarter valued at about $62,000. Finally, Blue Trust Inc. raised its holdings in shares of PLDT by 392.6% in the 2nd quarter. Blue Trust Inc. now owns 4,709 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,753 shares in the last quarter. 2.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut PLDT from a “strong-buy” rating to a “buy” rating in a report on Monday, September 30th.

PLDT Trading Down 2.4 %

NYSE:PHI opened at $25.68 on Tuesday. The stock has a fifty day simple moving average of $27.08 and a 200 day simple moving average of $25.53. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 2.21. PLDT Inc. has a 1-year low of $21.35 and a 1-year high of $30.39.

PLDT (NYSE:PHI) last posted its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.67 EPS for the quarter. PLDT had a net margin of 12.33% and a return on equity of 21.49%. The firm had revenue of $923.00 million during the quarter. Sell-side analysts forecast that PLDT Inc. will post 2.76 earnings per share for the current year.

PLDT Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, August 26th were issued a dividend of $0.634 per share. This represents a yield of 4.4%. The ex-dividend date of this dividend was Monday, August 26th. This is an increase from PLDT’s previous Semi-Annual dividend of $0.60.

About PLDT

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.