B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lessened its holdings in PLDT Inc (NYSE:PHI) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,086 shares of the technology company’s stock after selling 13,908 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund owned about 0.06% of PLDT worth $3,018,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in PHI. Renaissance Technologies LLC grew its position in PLDT by 3.5% in the second quarter. Renaissance Technologies LLC now owns 2,581,100 shares of the technology company’s stock valued at $60,346,000 after acquiring an additional 87,700 shares during the last quarter. Dimensional Fund Advisors LP grew its position in PLDT by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 422,244 shares of the technology company’s stock valued at $9,863,000 after acquiring an additional 40,292 shares during the last quarter. Royal Bank of Canada grew its position in PLDT by 19.3% in the first quarter. Royal Bank of Canada now owns 247,662 shares of the technology company’s stock valued at $7,026,000 after acquiring an additional 40,078 shares during the last quarter. BlackRock Inc. bought a new position in PLDT in the second quarter valued at about $908,000. Finally, Banco de Sabadell S.A bought a new position in PLDT in the first quarter valued at about $727,000. Hedge funds and other institutional investors own 6.68% of the company’s stock.
A number of research analysts have issued reports on PHI shares. CLSA upgraded PLDT from an “underperform” rating to a “buy” rating in a research report on Monday, June 18th. Zacks Investment Research cut PLDT from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.00.
PLDT stock opened at $26.31 on Friday. PLDT Inc has a 12-month low of $21.58 and a 12-month high of $34.38. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 10.40 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 1.48.
PLDT (NYSE:PHI) last announced its quarterly earnings results on Thursday, August 9th. The technology company reported $0.62 EPS for the quarter. PLDT had a return on equity of 20.18% and a net margin of 5.24%. The firm had revenue of $797.08 million for the quarter. equities analysts anticipate that PLDT Inc will post 2.16 earnings per share for the current fiscal year.
PLDT Company Profile
PLDT Inc operates as a telecommunications company in the Philippines. The company's Wireless segment offers cellular mobile, Internet broadband distribution, operations support, mobile applications and digital platforms development, mobile payment, solutions and systems integration, satellite communications, and satellite information and messaging services.
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