PLDT Inc. (NYSE:PHI) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its stake in shares of PLDT Inc. (NYSE:PHI) by 19.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,536,883 shares of the technology company’s stock after buying an additional 254,110 shares during the period. Invesco Ltd.’s holdings in PLDT were worth $34,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of PLDT in the fourth quarter valued at approximately $49,000. BNP Paribas Financial Markets acquired a new stake in PLDT in the third quarter worth approximately $79,000. Sequoia Financial Advisors LLC boosted its stake in PLDT by 12.7% during the 4th 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. West Family Investments Inc. increased its position in shares of PLDT by 42.1% during the 4th quarter. West Family Investments Inc. now owns 12,352 shares of the technology company’s stock valued at $274,000 after purchasing an additional 3,659 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of PLDT by 6.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,842 shares of the technology company’s stock valued at $284,000 after purchasing an additional 807 shares during the period. 2.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

PLDT Stock Performance

NYSE:PHI opened at $22.99 on Thursday. The company has a 50-day moving average of $23.03 and a 200-day moving average of $23.28. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 1.14 and a beta of 0.86. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. PLDT Inc. has a twelve month low of $20.29 and a twelve month high of $29.05.

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

PLDT Dividend Announcement

The business also recently announced 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 dividend yield of 5.4%. The ex-dividend date is Wednesday, March 12th. PLDT’s payout ratio is 44.66%.

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.