Dimensional Fund Advisors LP increased its stake in shares of PLDT Inc (NYSE:PHI) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 452,819 shares of the technology company’s stock after purchasing an additional 3,129 shares during the quarter. Dimensional Fund Advisors LP owned 0.21% of PLDT worth $9,678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in shares of PLDT by 952.9% during the 4th quarter. Quadrant Capital Group LLC now owns 8,392 shares of the technology company’s stock valued at $177,000 after purchasing an additional 7,595 shares during the last quarter. Federated Investors Inc. PA bought a new position in shares of PLDT during the 3rd quarter valued at approximately $197,000. Hsbc Holdings PLC bought a new position in shares of PLDT during the 3rd quarter valued at approximately $206,000. Citadel Advisors LLC bought a new position in shares of PLDT during the 3rd quarter valued at approximately $260,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of PLDT during the 4th quarter valued at approximately $521,000. 6.40% of the stock is currently owned by hedge funds and other institutional investors.

PHI opened at $24.17 on Monday. PLDT Inc has a 52-week low of $19.36 and a 52-week high of $27.86. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.52 and a quick ratio of 0.51. The firm has a market cap of $5.22 billion, a P/E ratio of 10.65 and a beta of 0.68.

The firm also recently disclosed a semiannual dividend, which will be paid on Friday, May 3rd. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.6817 per share. This represents a yield of 6.16%. The ex-dividend date is Tuesday, April 2nd. PLDT’s payout ratio is currently 59.91%.

Several research firms have recently weighed in on PHI. Zacks Investment Research downgraded PLDT from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Morgan Stanley downgraded PLDT from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 9th. UBS Group cut PLDT from a “buy” rating to a “sell” rating in a report on Monday, January 7th. Finally, Credit Suisse Group upgraded PLDT from an “underperform” rating to a “neutral” rating in a report on Thursday, March 7th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.00.

TRADEMARK VIOLATION WARNING: “Dimensional Fund Advisors LP Has $9.68 Million Stake in PLDT Inc (PHI)” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/dimensional-fund-advisors-lp-has-9-68-million-stake-in-pldt-inc-phi/2980489.html.

About PLDT

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

Read More: Why is cost of goods sold important?

Institutional Ownership by Quarter for PLDT (NYSE:PHI)

Receive News & Ratings for PLDT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PLDT and related companies with MarketBeat.com's FREE daily email newsletter.