PLDT (NYSE:PHI) Shares Break Above 200-Day Moving Average – Time to Sell?

PLDT Inc. (NYSE:PHI) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $19.03 and traded as high as $19.47. PLDT shares last traded at $19.3540, with a volume of 207,199 shares traded.

Analyst Ratings Changes

A number of research analysts have issued reports on PHI shares. Zacks Research raised shares of PLDT from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. JPMorgan Chase & Co. lowered PLDT from an “overweight” rating to a “neutral” rating in a report on Monday, August 17th. TD Cowen reissued a “hold” rating on shares of PLDT in a research note on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat, PLDT has an average rating of “Hold”.

PLDT Stock Up 0.7%

The stock has a fifty day moving average of $18.45 and a two-hundred day moving average of $19.02. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 2.94 and a beta of 0.64. The company has a quick ratio of 0.43, a current ratio of 0.44 and a debt-to-equity ratio of 1.98.

PLDT Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, August 27th were issued a $0.7515 dividend. The ex-dividend date was Thursday, August 27th. This represents a yield of 841.0%. This is a drop from PLDT’s previous dividend of $0.7977. PLDT’s dividend payout ratio (DPR) is currently 49.10%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP lifted its position in shares of PLDT by 40.3% in the 2nd quarter. Engineers Gate Manager LP now owns 22,887 shares of the technology company’s stock worth $401,000 after buying an additional 6,572 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of PLDT by 74.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,390 shares of the technology company’s stock worth $155,000 after acquiring an additional 3,155 shares during the period. Quantinno Capital Management LP increased its position in shares of PLDT by 47.0% during the 1st quarter. Quantinno Capital Management LP now owns 121,103 shares of the technology company’s stock valued at $2,548,000 after purchasing an additional 38,731 shares during the period. Renaissance Technologies LLC boosted its stake in PLDT by 1.3% during the first quarter. Renaissance Technologies LLC now owns 2,327,067 shares of the technology company’s stock valued at $48,961,000 after buying an additional 29,024 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of PLDT by 40.8% in the 1st quarter. First Trust Advisors LP now owns 17,926 shares of the technology company’s stock worth $377,000 after purchasing an additional 5,197 shares in the last quarter. 2.26% of the stock is currently owned by institutional investors.

PLDT Company Profile

PLDT Inc is a Philippine telecommunications and digital services company headquartered in Makati City, Philippines. Established in 1928, the company has developed from a traditional fixed-line telephone provider into an integrated communications business serving consumers, enterprises and government organizations across the Philippines.

Through its PLDT brand, the company provides fixed-line voice services, home and enterprise broadband, fiber connectivity, data transmission and information and communications technology solutions.