PLDT (NYSE:PHI) Share Price Passes Above 200 Day Moving Average of $25.00

PLDT Inc. (NYSE:PHI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.00 and traded as high as $26.25. PLDT shares last traded at $26.13, with a volume of 20,888 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

PLDT Stock Performance

The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 2.21. The stock has a market cap of $5.68 billion, a P/E ratio of 9.78, a PEG ratio of 1.35 and a beta of 0.67. The business has a 50 day moving average price of $26.70 and a 200 day moving average price of $25.04.

PLDT (NYSE:PHI) last posted its quarterly earnings results 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 for the quarter. As a group, sell-side analysts expect that PLDT Inc. will post 2.76 EPS for the current year.

PLDT Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Monday, August 26th will be issued a $0.634 dividend. This represents a dividend yield of 4.4%. This is a boost from PLDT’s previous Semi-Annual dividend of $0.60. The ex-dividend date of this dividend is Monday, August 26th.

Hedge Funds Weigh In On PLDT

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in PLDT by 141.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock worth $33,000 after purchasing an additional 819 shares during the last quarter. SageView Advisory Group LLC purchased a new position in PLDT during the 1st quarter worth $62,000. Blue Trust Inc. increased its position in PLDT by 392.6% during the 2nd quarter. Blue Trust Inc. now owns 4,709 shares of the technology company’s stock valued at $116,000 after buying an additional 3,753 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in PLDT in the fourth quarter valued at about $117,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in PLDT in the fourth quarter worth about $238,000. 2.26% of the stock is owned by hedge funds and other institutional investors.

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.