Nia Impact Advisors LLC Has $2.04 Million Position in PLDT Inc. (NYSE:PHI)

Nia Impact Advisors LLC trimmed its holdings in PLDT Inc. (NYSE:PHI) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,993 shares of the technology company’s stock after selling 3,749 shares during the quarter. Nia Impact Advisors LLC’s holdings in PLDT were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in PLDT by 3.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,836 shares of the technology company’s stock worth $324,000 after purchasing an additional 433 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of PLDT by 141.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock valued at $33,000 after acquiring an additional 819 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of PLDT by 19.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,439 shares of the technology company’s stock valued at $256,000 after acquiring an additional 1,719 shares during the period. SageView Advisory Group LLC bought a new position in PLDT during the first quarter worth $62,000. Finally, Ballentine Partners LLC grew its holdings in PLDT by 23.3% in the first quarter. Ballentine Partners LLC now owns 14,582 shares of the technology company’s stock worth $360,000 after purchasing an additional 2,753 shares during the period. Institutional investors own 2.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

PLDT Stock Down 0.5 %

Shares of NYSE:PHI opened at $26.30 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.32 and a current ratio of 0.33. PLDT Inc. has a 52-week low of $19.02 and a 52-week high of $30.39. The business’s 50 day simple moving average is $26.70 and its two-hundred day simple moving average is $25.06. The firm has a market cap of $5.68 billion, a P/E ratio of 9.78, a PEG ratio of 1.35 and a beta of 0.67.

PLDT (NYSE:PHI) last issued its earnings results on Tuesday, August 13th. The technology company reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $923.00 million for the quarter. PLDT had a return on equity of 21.49% and a net margin of 12.33%. As a group, research analysts forecast that PLDT Inc. will post 2.76 EPS for the current fiscal year.

PLDT Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Monday, August 26th will be given a dividend of $0.634 per share. The ex-dividend date of this dividend is Monday, August 26th. This is an increase from PLDT’s previous Semi-Annual dividend of $0.60. This represents a dividend yield of 4.4%.

About PLDT

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.