40,893 Shares in PLDT Inc. (NYSE:PHI) Purchased by Allianz SE

Allianz SE acquired a new stake in shares of PLDT Inc. (NYSE:PHI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 40,893 shares of the technology company’s stock, valued at approximately $906,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PHI. SBI Securities Co. Ltd. bought a new position in PLDT in the 4th quarter valued at $49,000. BNP Paribas Financial Markets purchased a new position in PLDT during the third quarter valued at approximately $79,000. Ascent Group LLC purchased a new stake in shares of PLDT during the 3rd quarter worth $218,000. Sequoia Financial Advisors LLC boosted its position in PLDT by 12.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,310 shares in the last quarter. Finally, West Family Investments Inc. grew its position in shares of PLDT by 42.1% in the 4th quarter. West Family Investments Inc. now owns 12,352 shares of the technology company’s stock worth $274,000 after buying an additional 3,659 shares during the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.

Analyst Ratings Changes

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

PLDT Trading Down 0.9 %

PLDT stock opened at $22.16 on Monday. PLDT Inc. has a 52 week low of $21.00 and a 52 week high of $29.05. The stock has a 50-day moving average price of $23.25 and a 200 day moving average price of $23.71. 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 company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.68.

PLDT (NYSE:PHI) last announced its quarterly earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $960.62 million during the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. Sell-side analysts anticipate that PLDT Inc. will post 2.76 EPS for the current year.

PLDT Dividend Announcement

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

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.