Dimensional Fund Advisors LP boosted its stake in shares of PLDT Inc. (NYSE:PHI) by 10.1% during the first quarter, Holdings Channel reports. The fund owned 349,577 shares of the technology company’s stock after buying an additional 32,114 shares during the period. Dimensional Fund Advisors LP’s holdings in PLDT were worth $11,226,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. United Services Automobile Association increased its stake in PLDT by 23.2% in the first quarter. United Services Automobile Association now owns 91,380 shares of the technology company’s stock valued at $2,939,000 after buying an additional 17,200 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in PLDT by 75.4% in the first quarter. Envestnet Asset Management Inc. now owns 62,133 shares of the technology company’s stock valued at $1,998,000 after buying an additional 26,711 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in PLDT by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,920 shares of the technology company’s stock valued at $383,000 after buying an additional 258 shares during the last quarter. Stevens Capital Management LP purchased a new stake in PLDT during the first quarter valued at $260,000. Finally, Ameriprise Financial Inc. increased its stake in PLDT by 1.8% in the first quarter. Ameriprise Financial Inc. now owns 122,623 shares of the technology company’s stock valued at $3,946,000 after buying an additional 2,190 shares during the last quarter. Hedge funds and other institutional investors own 9.64% of the company’s stock.

Shares of PLDT Inc. (NYSE:PHI) traded down 1.23% during trading on Friday, reaching $33.59. 67,528 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $33.68 and a 200 day moving average price of $33.22. PLDT Inc. has a 12-month low of $25.50 and a 12-month high of $39.95. The company has a market capitalization of $7.26 billion, a P/E ratio of 15.31 and a beta of 1.01.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be paid a $0.9411 dividend. This represents a dividend yield of 5.57%. The ex-dividend date is Tuesday, August 22nd. This is a boost from PLDT’s previous semiannual dividend of $0.56. PLDT’s dividend payout ratio (DPR) is presently 30.94%.

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Several research firms recently weighed in on PHI. Zacks Investment Research downgraded PLDT from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BidaskClub downgraded shares of PLDT from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Deutsche Bank AG downgraded shares of PLDT from a “buy” rating to a “hold” rating in a report on Monday, July 17th. TheStreet upgraded shares of PLDT from a “d+” rating to a “c-” rating in a report on Monday, June 5th. Finally, Macquarie upgraded shares of PLDT from a “neutral” rating to an “outperform” rating in a report on Friday, May 26th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. PLDT presently has a consensus rating of “Hold” and a consensus price target of $39.00.

PLDT Company Profile

PLDT, Inc, formerly Philippine Long Distance Telephone Company (PLDT), is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

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Institutional Ownership by Quarter for PLDT (NYSE:PHI)

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