4,116 Shares in PLDT Inc. (PHI) Acquired by SG Americas Securities LLC
SG Americas Securities LLC bought a new stake in PLDT Inc. (NYSE:PHI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,116 shares of the technology company’s stock, valued at approximately $145,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC acquired a new stake in PLDT in the second quarter valued at approximately $201,000. Stevens Capital Management LP acquired a new stake in PLDT in the first quarter valued at approximately $260,000. Bank of New York Mellon Corp boosted its stake in PLDT by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 8,272 shares of the technology company’s stock valued at $265,000 after acquiring an additional 568 shares in the last quarter. Jane Street Group LLC acquired a new stake in PLDT in the first quarter valued at approximately $288,000. Finally, Wetherby Asset Management Inc. boosted its stake in PLDT by 19.7% in the second quarter. Wetherby Asset Management Inc. now owns 10,734 shares of the technology company’s stock valued at $379,000 after acquiring an additional 1,770 shares in the last quarter. Institutional investors own 9.46% of the company’s stock.
Shares of PLDT Inc. (PHI) opened at 32.77 on Friday. PLDT Inc. has a 1-year low of $25.50 and a 1-year high of $38.54. The firm has a market capitalization of $7.08 billion, a P/E ratio of 15.03 and a beta of 1.00. The stock’s 50 day moving average is $33.26 and its 200 day moving average is $33.93.
The business also recently announced a semiannual dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 24th were issued a $0.9411 dividend. This is a boost from PLDT’s previous semiannual dividend of $0.56. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a dividend yield of 5.57%. PLDT’s dividend payout ratio is presently 54.19%.
PHI has been the subject of several recent analyst reports. Deutsche Bank AG downgraded shares of PLDT from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research upgraded shares of PLDT from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. TheStreet upgraded shares of PLDT from a “d+” rating to a “c-” rating in a research note on Monday, June 5th. Finally, BidaskClub downgraded shares of PLDT from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.00.
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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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