Signaturefd LLC Raises Stock Position in PLDT Inc. (NYSE:PHI)

Signaturefd LLC boosted its position in shares of PLDT Inc. (NYSE:PHI) by 105.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,578 shares of the technology company’s stock after purchasing an additional 6,979 shares during the period. Signaturefd LLC’s holdings in PLDT were worth $318,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of PLDT by 291.5% in the 4th quarter. Blue Trust Inc. now owns 1,711 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,274 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of PLDT in the 4th quarter valued at approximately $203,000. Cerity Partners LLC purchased a new stake in shares of PLDT in the 4th quarter valued at approximately $211,000. Ballentine Partners LLC purchased a new stake in shares of PLDT in the 4th quarter valued at approximately $277,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of PLDT by 5.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,403 shares of the technology company’s stock valued at $277,000 after acquiring an additional 698 shares during the period. 2.26% of the stock is owned by hedge funds and other institutional investors.

PLDT Trading Up 2.1 %

Shares of PHI stock opened at $23.79 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.34 and a current ratio of 0.36. The stock has a market capitalization of $5.14 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.27 and a beta of 0.60. The company has a 50 day moving average price of $23.79 and a 200 day moving average price of $23.07. PLDT Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $30.39.

PLDT Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, April 19th. Investors of record on Wednesday, March 20th were issued a $0.597 dividend. This represents a dividend yield of 4.5%. The ex-dividend date was Tuesday, March 19th. PLDT’s dividend payout ratio (DPR) is currently 132.96%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of PLDT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 11th.

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.