PLDT Inc. (NYSE:PHI) Short Interest Update

PLDT Inc. (NYSE:PHI) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 377,300 shares, a decrease of 15.6% from the November 30th total of 447,297 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 50,828 shares, the days-to-cover ratio is currently 7.4 days. Based on an average daily trading volume, of 50,828 shares, the days-to-cover ratio is currently 7.4 days. Currently, 0.2% of the shares of the stock are sold short.

PLDT Stock Up 0.5%

Shares of NYSE PHI opened at $21.72 on Wednesday. The firm’s fifty day moving average is $21.05 and its 200 day moving average is $21.06. PLDT has a 52 week low of $18.61 and a 52 week high of $25.12. The company has a quick ratio of 0.37, a current ratio of 0.38 and a debt-to-equity ratio of 2.32. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.97 and a beta of 0.65.

PLDT (NYSE:PHI) last announced its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). PLDT had a return on equity of 28.27% and a net margin of 13.40%.The firm had revenue of $922.04 million during the quarter, compared to the consensus estimate of $953.29 million. On average, equities research analysts expect that PLDT will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PHI shares. Zacks Research raised shares of PLDT from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PLDT in a research report on Monday. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in PLDT by 6.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,514 shares of the technology company’s stock worth $253,000 after buying an additional 862 shares during the period. Sequoia Financial Advisors LLC lifted its stake in PLDT by 9.5% in the second quarter. Sequoia Financial Advisors LLC now owns 13,942 shares of the technology company’s stock worth $303,000 after acquiring an additional 1,205 shares during the period. EverSource Wealth Advisors LLC lifted its stake in PLDT by 155.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock worth $67,000 after acquiring an additional 1,866 shares during the period. Hantz Financial Services Inc. boosted its holdings in PLDT by 63.2% in the third quarter. Hantz Financial Services Inc. now owns 6,161 shares of the technology company’s stock valued at $115,000 after acquiring an additional 2,387 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in PLDT by 11.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,263 shares of the technology company’s stock valued at $550,000 after purchasing an additional 2,580 shares during the period. Institutional investors own 2.26% of the company’s stock.

About PLDT

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.