Hantz Financial Services Inc. Increases Position in PLDT Inc. $PHI

Hantz Financial Services Inc. boosted its holdings in shares of PLDT Inc. (NYSE:PHI) by 759.7% in the 2nd quarter, Holdings Channel reports. The fund owned 3,774 shares of the technology company’s stock after acquiring an additional 3,335 shares during the quarter. Hantz Financial Services Inc.’s holdings in PLDT were worth $82,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PHI. GAMMA Investing LLC increased its position in PLDT by 51.7% during the first quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company’s stock worth $48,000 after purchasing an additional 750 shares during the last quarter. Natixis Advisors LLC acquired a new position in PLDT in the 1st quarter valued at about $235,000. Envestnet Asset Management Inc. acquired a new position in PLDT in the 2nd quarter valued at about $275,000. PNC Financial Services Group Inc. boosted 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 valued at $290,000 after purchasing an additional 437 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in PLDT by 9.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,942 shares of the technology company’s stock valued at $303,000 after purchasing an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.

PLDT Stock Performance

Shares of PHI stock opened at $19.43 on Wednesday. The firm’s 50 day moving average price is $19.30 and its 200-day moving average price is $21.47. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.35 and a current ratio of 0.37. PLDT Inc. has a one year low of $18.61 and a one year high of $25.12. The firm has a market cap of $4.20 billion, a P/E ratio of 7.50, a P/E/G ratio of 1.66 and a beta of 0.62.

PLDT Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, August 27th were issued a $0.8414 dividend. The ex-dividend date was Wednesday, August 27th. This represents a dividend yield of 530.0%. This is an increase from PLDT’s previous semi-annual dividend of $0.81. PLDT’s dividend payout ratio (DPR) is currently 47.10%.

Wall Street Analysts Forecast Growth

Several research firms have 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of PLDT in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of PLDT from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.