Renaissance Technologies LLC Has $54.67 Million Stock Position in PLDT Inc. (NYSE:PHI)

Renaissance Technologies LLC lessened its stake in shares of PLDT Inc. (NYSE:PHI) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,468,268 shares of the technology company’s stock after selling 72,393 shares during the quarter. Renaissance Technologies LLC owned about 1.14% of PLDT worth $54,672,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of PLDT by 6.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,842 shares of the technology company’s stock worth $284,000 after purchasing an additional 807 shares during the last quarter. Signaturefd LLC boosted its stake in shares of PLDT by 8.3% in the fourth quarter. Signaturefd LLC now owns 15,219 shares of the technology company’s stock valued at $337,000 after buying an additional 1,172 shares during the period. Sequoia Financial Advisors LLC raised its position in PLDT by 12.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,310 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of PLDT by 12.5% during the fourth quarter. Ballentine Partners LLC now owns 14,448 shares of the technology company’s stock worth $320,000 after buying an additional 1,610 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in PLDT during the fourth quarter valued at $49,000. Institutional investors own 2.26% of the company’s stock.

PLDT Stock Performance

PHI opened at $22.30 on Thursday. PLDT Inc. has a fifty-two week low of $20.29 and a fifty-two week high of $29.05. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. The company has a fifty day moving average of $23.08 and a 200 day moving average of $23.42. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.14 and a beta of 0.86.

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

PLDT Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, March 12th will be issued a $0.812 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a yield of 5.4%. PLDT’s dividend payout ratio (DPR) is 44.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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.