PLDT Inc. (NYSE:PHI) Short Interest Update

PLDT Inc. (NYSE:PHI) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 202,274 shares, a decline of 13.8% from the February 12th total of 234,734 shares. Based on an average trading volume of 65,336 shares, the days-to-cover ratio is currently 3.1 days. Based on an average trading volume of 65,336 shares, the days-to-cover ratio is currently 3.1 days.

PLDT Stock Down 1.8%

Shares of NYSE:PHI opened at $21.22 on Thursday. The business’s 50-day moving average is $22.95 and its 200 day moving average is $21.27. PLDT has a 1 year low of $18.61 and a 1 year high of $24.51. The company has a quick ratio of 0.37, a current ratio of 0.38 and a debt-to-equity ratio of 2.32.

PLDT (NYSE:PHI) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $0.36 earnings per share for the quarter. PLDT had a return on equity of 28.27% and a net margin of 13.40%.The business had revenue of $905.99 million during the quarter. On average, analysts anticipate that PLDT will post 2.76 earnings per share for the current fiscal year.

PLDT Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its stake in shares of PLDT by 16.1% during the fourth quarter. Corient Private Wealth LLC now owns 16,684 shares of the technology company’s stock worth $363,000 after buying an additional 2,312 shares during the period. Millennium Management LLC purchased a new position in PLDT in the 4th quarter worth $451,000. Guggenheim Capital LLC raised its stake in PLDT by 13.7% in the 4th quarter. Guggenheim Capital LLC now owns 38,997 shares of the technology company’s stock worth $848,000 after acquiring an additional 4,692 shares during the last quarter. Laird Norton Wetherby Trust Company LLC acquired a new stake in PLDT during the 4th quarter worth about $450,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in PLDT by 90.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 29,786 shares of the technology company’s stock valued at $648,000 after purchasing an additional 14,181 shares during the last quarter. Institutional investors and hedge funds own 2.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of PLDT in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, PLDT has an average rating of “Hold”.

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.