PLDT (NYSE:PHI) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

PLDT Inc. (NYSE:PHI)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.27 and traded as high as $22.54. PLDT shares last traded at $22.2450, with a volume of 58,232 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of PLDT in a research note on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

PLDT Stock Down 1.4%

The business’s 50-day simple moving average is $22.97 and its two-hundred day simple moving average is $21.27. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.37 and a current ratio of 0.38.

PLDT Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, March 25th will be issued a $0.7977 dividend. This represents a yield of 667.0%. The ex-dividend date is Wednesday, March 25th. PLDT’s dividend payout ratio (DPR) is 51.48%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PHI. Goldman Sachs Group Inc. boosted its position in shares of PLDT by 106.8% during the first quarter. Goldman Sachs Group Inc. now owns 53,776 shares of the technology company’s stock worth $1,176,000 after buying an additional 27,769 shares during the period. Jane Street Group LLC grew its stake in shares of PLDT by 227.9% in the first quarter. Jane Street Group LLC now owns 77,493 shares of the technology company’s stock valued at $1,695,000 after buying an additional 53,861 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of PLDT in the second quarter valued at $275,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of PLDT in the 2nd quarter valued at $404,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of PLDT by 46.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,442 shares of the technology company’s stock valued at $423,000 after buying an additional 6,163 shares during the period. 2.26% of the stock is currently owned by institutional investors and hedge funds.

PLDT Company Profile

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.