PLDT Inc. (PHI) Shares Sold by Kempen Capital Management N.V.

Kempen Capital Management N.V. lowered its stake in shares of PLDT Inc. (NYSE:PHI) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,568 shares of the technology company’s stock after selling 27,000 shares during the quarter. Kempen Capital Management N.V. owned about 0.16% of PLDT worth $12,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in PHI. Wells Fargo & Company MN increased its position in shares of PLDT by 13.6% during the first quarter. Wells Fargo & Company MN now owns 63,347 shares of the technology company’s stock valued at $2,037,000 after buying an additional 7,589 shares during the period. Bank of New York Mellon Corp increased its position in shares of PLDT by 7.4% during the first quarter. Bank of New York Mellon Corp now owns 8,272 shares of the technology company’s stock valued at $265,000 after buying an additional 568 shares during the period. Comerica Bank increased its position in shares of PLDT by 1.3% during the first quarter. Comerica Bank now owns 12,468 shares of the technology company’s stock valued at $441,000 after buying an additional 161 shares during the period. World Asset Management Inc increased its position in shares of PLDT by 1.5% during the first quarter. World Asset Management Inc now owns 13,457 shares of the technology company’s stock valued at $433,000 after buying an additional 194 shares during the period. Finally, Karp Capital Management Corp purchased a new position in shares of PLDT during the first quarter valued at about $3,277,000. Institutional investors own 9.46% of the company’s stock.

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PLDT Inc. (PHI) traded up 1.10% during midday trading on Friday, reaching $33.02. 84,526 shares of the company traded hands. PLDT Inc. has a one year low of $25.50 and a one year high of $38.54. The company has a 50 day moving average price of $33.29 and a 200-day moving average price of $33.79. The stock has a market capitalization of $7.13 billion, a P/E ratio of 15.27 and a beta of 1.00.

The firm also recently announced a semiannual dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.9411 per share. This is an increase from PLDT’s previous semiannual dividend of $0.56. The ex-dividend date is Tuesday, August 22nd. This represents a yield of 5.57%. PLDT’s dividend payout ratio (DPR) is 66.08%.

Several equities analysts recently issued reports on PHI shares. CLSA upgraded shares of PLDT from a “sell” rating to a “buy” rating in a research report on Wednesday, May 24th. Macquarie upgraded shares of PLDT from a “neutral” rating to an “outperform” rating in a research report on Friday, May 26th. TheStreet upgraded shares of PLDT from a “d+” rating to a “c-” rating in a research report on Monday, June 5th. Zacks Investment Research cut shares of PLDT from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, BidaskClub cut shares of PLDT from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $39.00.

PLDT Profile

PLDT, Inc, formerly Philippine Long Distance Telephone Company (PLDT), is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

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Institutional Ownership by Quarter for PLDT (NYSE:PHI)

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