Envestnet Asset Management Inc. Has $980,000 Holdings in PLDT Inc. (NYSE:PHI)

Envestnet Asset Management Inc. increased its stake in PLDT Inc. (NYSE:PHIGet Rating) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,204 shares of the technology company’s stock after buying an additional 3,701 shares during the quarter. Envestnet Asset Management Inc.’s holdings in PLDT were worth $980,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. JJJ Advisors Inc. boosted its holdings in shares of PLDT by 35.3% in the 1st quarter. JJJ Advisors Inc. now owns 2,069 shares of the technology company’s stock valued at $72,000 after buying an additional 540 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in shares of PLDT by 3.6% in the 1st quarter. Wetherby Asset Management Inc. now owns 16,686 shares of the technology company’s stock valued at $586,000 after buying an additional 581 shares during the last quarter. StoneX Group Inc. boosted its holdings in shares of PLDT by 11.0% in the 1st quarter. StoneX Group Inc. now owns 6,502 shares of the technology company’s stock valued at $228,000 after buying an additional 644 shares during the last quarter. US Bancorp DE raised its stake in PLDT by 6.2% in the 2nd quarter. US Bancorp DE now owns 14,725 shares of the technology company’s stock valued at $448,000 after acquiring an additional 862 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in PLDT by 7.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,693 shares of the technology company’s stock valued at $551,000 after acquiring an additional 1,143 shares during the period. Institutional investors and hedge funds own 3.06% of the company’s stock.

PLDT Stock Up 0.3 %

PHI opened at $27.77 on Friday. PLDT Inc. has a 1-year low of $23.76 and a 1-year high of $39.00. The stock’s fifty day simple moving average is $26.46 and its 200 day simple moving average is $30.18. The company has a current ratio of 0.30, a quick ratio of 0.28 and a debt-to-equity ratio of 1.86. The stock has a market cap of $6.00 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 1.34 and a beta of 0.41.

Wall Street Analyst Weigh In

Separately, StockNews.com cut PLDT from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 2nd.

About PLDT

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PLDT Inc provides telecommunications and digital services in the Philippines. It operates through three segments: Wireless, Fixed Line, and Others. The company offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.

Further Reading

Institutional Ownership by Quarter for PLDT (NYSE:PHI)

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