Wed Sep 25 07:38:47 UTC 2024: ## PLDT Stock Sees Mixed Activity: Rhumbline Advisers Cuts Stake, Others Invest

**New York, NY** – PLDT Inc. (NYSE: PHI), a leading telecommunications and digital services provider in the Philippines, saw a decrease in its holdings by Rhumbline Advisers, while other investors took a bullish stance, according to reports from HoldingsChannel.com.

Rhumbline Advisers reduced its position in PLDT by 4.6% during the second quarter, selling 1,270 shares and leaving them with 26,636 shares worth approximately $654,000.

However, other institutional investors showcased a contrasting sentiment. O Shaughnessy Asset Management LLC significantly increased its holdings in PLDT by 337.8% in the first quarter, acquiring 29,225 shares for a total of 37,877 shares valued at $934,000.

New positions were also established by Kathmere Capital Management LLC, Vanguard Personalized Indexing Management LLC, and Barometer Capital Management Inc. during the first and fourth quarters, representing investments of $258,000, $238,000, and $117,000 respectively.

Blue Trust Inc. further added to the positive momentum by increasing its position by 392.6% in the second quarter, now holding 4,709 shares worth $116,000.

Overall, institutional investors currently own 2.26% of PLDT stock.

PLDT stock opened at $27.28 on Wednesday, with a 50-day moving average of $26.81 and a 200-day moving average of $25.25. The company boasts a market capitalization of $5.89 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.37, and a beta of 0.67.

PLDT recently announced a Semi-Annual dividend of $0.634 per share, payable on September 25th to investors of record on August 26th. This represents an increase from the previous dividend of $0.60 and yields a 4.4% return.

On a separate note, StockNews.com upgraded PLDT from a “buy” rating to a “strong-buy” rating on September 4th, expressing optimism about the company’s future prospects.

PLDT operates in three segments: Wireless, Fixed Line, and Others, providing a range of telecommunications and digital services, including cellular mobile, internet broadband distribution, and satellite information and messaging services.

Read More