PLDT (NYSE:PHI) Posts Quarterly Earnings Results

PLDT (NYSE:PHI) released its earnings results on Tuesday. The technology company reported $0.67 earnings per share for the quarter, Zacks reports. PLDT had a net margin of 14.67% and a return on equity of 28.96%.

PLDT Trading Up 1.4%

Shares of NYSE:PHI opened at $19.53 on Tuesday. The company has a market capitalization of $4.22 billion, a P/E ratio of 7.55, a P/E/G ratio of 1.66 and a beta of 0.63. PLDT has a 1 year low of $18.61 and a 1 year high of $25.12. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.37 and a quick ratio of 0.35. The business’s 50 day simple moving average is $19.22 and its 200 day simple moving average is $21.36.

PLDT Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, August 27th were paid a $0.8414 dividend. This represents a dividend yield of 530.0%. This is an increase from PLDT’s previous semi-annual dividend of $0.81. The ex-dividend date was Wednesday, August 27th. PLDT’s dividend payout ratio is presently 47.10%.

Institutional Trading of PLDT

Several large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in PLDT by 155.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,866 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in PLDT during the second quarter valued at approximately $201,000. Envestnet Asset Management Inc. lifted its stake in PLDT by 6.8% during the third quarter. Envestnet Asset Management Inc. now owns 13,514 shares of the technology company’s stock worth $253,000 after purchasing an additional 862 shares during the last quarter. Quantinno Capital Management LP increased its position in PLDT by 46.9% during the 2nd quarter. Quantinno Capital Management LP now owns 44,836 shares of the technology company’s stock worth $976,000 after purchasing an additional 14,324 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in PLDT by 106.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 53,776 shares of the technology company’s stock worth $1,176,000 after purchasing an additional 27,769 shares in the last quarter. 2.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of PLDT in a research report on Wednesday, October 8th. UBS Group lowered PLDT from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 27th. Finally, Zacks Research raised PLDT from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

PLDT Company 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.