Corient Private Wealth LLC Has $411,000 Stake in PLDT Inc. (NYSE:PHI)

Corient Private Wealth LLC boosted its holdings in PLDT Inc. (NYSE:PHI) by 20.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,542 shares of the technology company’s stock after acquiring an additional 3,149 shares during the quarter. Corient Private Wealth LLC’s holdings in PLDT were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of PLDT in the 4th quarter valued at $49,000. BNP Paribas Financial Markets acquired a new position in PLDT in the third quarter valued at about $79,000. Ascent Group LLC bought a new position in PLDT during the third quarter worth about $218,000. Sequoia Financial Advisors LLC grew its position in shares of PLDT by 12.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company’s stock worth $258,000 after buying an additional 1,310 shares during the period. Finally, West Family Investments Inc. increased its stake in shares of PLDT by 42.1% in the 4th quarter. West Family Investments Inc. now owns 12,352 shares of the technology company’s stock valued at $274,000 after acquiring an additional 3,659 shares during the last quarter. Institutional investors and hedge funds own 2.26% of the company’s stock.

PLDT Trading Down 0.9 %

Shares of NYSE PHI opened at $22.16 on Friday. PLDT Inc. has a twelve month low of $21.00 and a twelve month high of $29.05. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 1.14 and a beta of 0.68. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. The company’s fifty day moving average is $23.25 and its 200-day moving average is $23.73.

PLDT (NYSE:PHI) last posted its earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The firm had revenue of $960.62 million for the quarter. Equities research analysts predict that PLDT Inc. will post 2.76 EPS for the current year.

PLDT Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, March 12th will be given a $0.812 dividend. The ex-dividend date is Wednesday, March 12th. This represents a dividend yield of 5.4%. PLDT’s dividend payout ratio is presently 44.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of PLDT from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th.

PLDT Company Profile

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.