Robeco Institutional Asset Management B.V. Lowers Stock Holdings in PLDT Inc. $PHI

Robeco Institutional Asset Management B.V. lowered its stake in PLDT Inc. (NYSE:PHI) by 39.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,914 shares of the technology company’s stock after selling 48,060 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PLDT were worth $1,587,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of PLDT by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company’s stock worth $48,000 after buying an additional 750 shares during the last quarter. Blue Trust Inc. grew its stake in shares of PLDT by 17.3% in the 1st quarter. Blue Trust Inc. now owns 10,270 shares of the technology company’s stock worth $225,000 after buying an additional 1,515 shares during the last quarter. Natixis Advisors LLC purchased a new stake in shares of PLDT in the 1st quarter worth approximately $235,000. Sequoia Financial Advisors LLC grew its stake in shares of PLDT by 9.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the technology company’s stock worth $279,000 after buying an additional 1,108 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in PLDT by 3.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,279 shares of the technology company’s stock worth $290,000 after acquiring an additional 437 shares during the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.

PLDT Trading Up 0.9%

NYSE:PHI opened at $19.04 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.16. PLDT Inc. has a 12 month low of $18.61 and a 12 month high of $27.39. The company has a market cap of $4.11 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 1.67 and a beta of 0.62. The company has a 50 day simple moving average of $20.85 and a two-hundred day simple moving average of $21.90.

PLDT Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.8414 per share. This represents a dividend yield of 530.0%. The ex-dividend date of this dividend was Wednesday, August 27th. This is a positive change from PLDT’s previous semi-annual dividend of $0.81. PLDT’s payout ratio is presently 47.10%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PHI. UBS Group lowered shares of PLDT from a “buy” rating to a “neutral” rating in a report on Wednesday, August 27th. Zacks Research upgraded shares of PLDT to a “strong sell” rating in a report on Tuesday, August 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of PLDT in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

PLDT 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.