PLDT (NYSE:PHI) Reaches New 52-Week Low – Time to Sell?

Shares of PLDT Inc. (NYSE:PHIGet Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $18.40 and last traded at $18.5450, with a volume of 164784 shares trading hands. The stock had previously closed at $18.70.

Analyst Ratings Changes

Several brokerages recently commented on PHI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PLDT in a research note on Monday, May 4th. Zacks Research lowered PLDT from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Check Out Our Latest Report on PLDT

PLDT Trading Down 0.8%

The company has a debt-to-equity ratio of 2.10, a current ratio of 0.42 and a quick ratio of 0.40. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. The business has a 50 day simple moving average of $20.46 and a 200 day simple moving average of $21.69.

PLDT (NYSE:PHIGet Free Report) last posted its quarterly earnings data on Friday, May 15th. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $932.80 million for the quarter, compared to analyst estimates of $913.27 million. PLDT had a return on equity of 27.37% and a net margin of 13.62%. As a group, equities analysts forecast that PLDT Inc. will post 2.58 EPS for the current year.

PLDT Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.7977 per share. This represents a dividend yield of 746.0%. The ex-dividend date of this dividend was Wednesday, March 25th. PLDT’s dividend payout ratio is 46.25%.

Insider Activity

In other news, Director Alfredo Santos Panlilio sold 4,505 shares of the company’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $22.64, for a total transaction of $101,993.20. Following the transaction, the director owned 3,000 shares of the company’s stock, valued at $67,920. This represents a 60.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On PLDT

Large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of PLDT during the fourth quarter valued at $26,000. Farther Finance Advisors LLC lifted its stake in shares of PLDT by 272.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock valued at $28,000 after acquiring an additional 955 shares during the period. Arax Advisory Partners lifted its stake in shares of PLDT by 429.4% during the fourth quarter. Arax Advisory Partners now owns 1,710 shares of the technology company’s stock valued at $37,000 after acquiring an additional 1,387 shares during the period. CWM LLC lifted its stake in shares of PLDT by 22.1% during the fourth quarter. CWM LLC now owns 2,590 shares of the technology company’s stock valued at $56,000 after acquiring an additional 469 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of PLDT by 155.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock valued at $67,000 after acquiring an additional 1,866 shares during the period. Institutional investors and hedge funds own 2.26% of the company’s stock.

About PLDT

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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.

Further Reading

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