PLDT Inc (NYSE:PHI) Stock Position Raised by Royal Bank of Canada

Royal Bank of Canada lifted its position in PLDT Inc (NYSE:PHI) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 364,987 shares of the technology company’s stock after acquiring an additional 12,180 shares during the quarter. Royal Bank of Canada’s holdings in PLDT were worth $9,058,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Advisor Group Inc. grew its stake in shares of PLDT by 970.3% in the second quarter. Advisor Group Inc. now owns 974 shares of the technology company’s stock valued at $25,000 after acquiring an additional 883 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in PLDT in the 2nd quarter valued at approximately $34,000. Signaturefd LLC raised its holdings in PLDT by 131.2% in the 2nd quarter. Signaturefd LLC now owns 5,659 shares of the technology company’s stock valued at $140,000 after buying an additional 3,211 shares during the last quarter. United Capital Financial Advisers LLC bought a new position in PLDT in the 2nd quarter valued at approximately $231,000. Finally, US Bancorp DE raised its holdings in PLDT by 48.8% in the 2nd quarter. US Bancorp DE now owns 10,210 shares of the technology company’s stock valued at $254,000 after buying an additional 3,349 shares during the last quarter. Institutional investors and hedge funds own 8.41% of the company’s stock.

A number of research analysts recently issued reports on the stock. Nomura upgraded shares of PLDT from a “neutral” rating to a “buy” rating in a report on Friday, August 9th. Zacks Investment Research upgraded shares of PLDT from a “sell” rating to a “hold” rating in a report on Tuesday. Five analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.00.



PLDT stock opened at $20.59 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.39 and a current ratio of 0.40. PLDT Inc has a 52-week low of $19.36 and a 52-week high of $27.00. The firm has a 50 day moving average price of $21.67 and a two-hundred day moving average price of $22.99. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 9.07 and a beta of 0.48.

PLDT (NYSE:PHI) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.50 earnings per share (EPS) for the quarter. PLDT had a net margin of 11.64% and a return on equity of 22.02%. The firm had revenue of $819.46 million during the quarter. As a group, equities research analysts predict that PLDT Inc will post 2.36 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 18th. Stockholders of record on Monday, August 26th were given a dividend of $0.462 per share. The ex-dividend date was Friday, August 23rd. PLDT’s dividend payout ratio (DPR) is 40.97%.

PLDT Company Profile

PLDT Inc operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The Wireless segment offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.

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Institutional Ownership by Quarter for PLDT (NYSE:PHI)

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