PLDT (NYSE:PHI) Shares Gap Down – Time to Sell?

Shares of PLDT Inc. (NYSE:PHI) gapped down prior to trading on Wednesday . The stock had previously closed at $21.73, but opened at $21.07. PLDT shares last traded at $21.18, with a volume of 10,052 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of PLDT in a research report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

PLDT Stock Down 0.3%

The company has a market cap of $4.60 billion, a PE ratio of 8.81 and a beta of 0.68. The company has a fifty day moving average of $22.84 and a two-hundred day moving average of $21.33. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.37 and a current ratio of 0.38.

PLDT (NYSE:PHI) last posted its quarterly earnings data on Thursday, February 26th. The technology company reported $0.36 earnings per share for the quarter. The business had revenue of $905.99 million for the quarter. PLDT had a net margin of 13.78% and a return on equity of 28.11%. As a group, analysts anticipate that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.

PLDT Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, March 25th will be given a $0.7977 dividend. This represents a yield of 746.0%. The ex-dividend date of this dividend is Wednesday, March 25th. PLDT’s dividend payout ratio is 47.52%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its holdings in shares of PLDT by 106.8% in the first quarter. Goldman Sachs Group Inc. now owns 53,776 shares of the technology company’s stock worth $1,176,000 after buying an additional 27,769 shares during the period. Jane Street Group LLC grew its position in PLDT by 227.9% in the 1st quarter. Jane Street Group LLC now owns 77,493 shares of the technology company’s stock valued at $1,695,000 after acquiring an additional 53,861 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in PLDT in the 2nd quarter valued at $275,000. MAI Capital Management purchased a new stake in PLDT in the second quarter worth $65,000. Finally, American Century Companies Inc. increased its stake in PLDT by 25.7% in the second quarter. American Century Companies Inc. now owns 151,779 shares of the technology company’s stock worth $3,303,000 after purchasing an additional 31,022 shares during the period. Hedge funds and other institutional investors own 2.26% of the company’s stock.

About PLDT

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.