US Bancorp DE Increases Stock Position in PLDT Inc. (NYSE:PHI)

US Bancorp DE boosted its stake in PLDT Inc. (NYSE:PHIGet Rating) by 25.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,537 shares of the technology company’s stock after acquiring an additional 3,812 shares during the period. US Bancorp DE’s holdings in PLDT were worth $469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PHI. Ronald Blue Trust Inc. lifted its position in PLDT by 658.9% in the third quarter. Ronald Blue Trust Inc. now owns 1,700 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,476 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in PLDT by 653.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,214 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,920 shares during the period. Wipfli Financial Advisors LLC acquired a new position in PLDT in the third quarter valued at $72,000. Citigroup Inc. increased its stake in PLDT by 1,869.6% in the first quarter. Citigroup Inc. now owns 2,265 shares of the technology company’s stock valued at $80,000 after purchasing an additional 2,150 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in PLDT by 15.4% in the second quarter. Quadrant Capital Group LLC now owns 6,666 shares of the technology company’s stock valued at $203,000 after purchasing an additional 888 shares during the period. 2.59% of the stock is owned by hedge funds and other institutional investors.

PLDT Trading Up 0.4 %

NYSE PHI opened at $26.74 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.28 and a current ratio of 0.30. The firm has a market cap of $5.78 billion, a PE ratio of 8.74, a P/E/G ratio of 1.16 and a beta of 0.52. PLDT Inc. has a one year low of $20.20 and a one year high of $39.00. The firm’s fifty day moving average is $26.28 and its two-hundred day moving average is $27.57.

PLDT (NYSE:PHIGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The technology company reported $0.62 earnings per share (EPS) for the quarter. PLDT had a net margin of 17.16% and a return on equity of 23.67%. The business had revenue of $912.13 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of PLDT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 29th.

PLDT Company Profile

(Get Rating)

PLDT, Inc engages in the provision of telecommunication services. It operates through the following segments: Wireless, Fixed Line, and Others. The Wireless segment focuses on driving data services while managing business of voice and SMS. The Fixed Line segment offers fixed line telecommunications services throughout the Philippines, servicing retail, corporate, and SME clients.

Further Reading

Want to see what other hedge funds are holding PHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PLDT Inc. (NYSE:PHIGet Rating).

Institutional Ownership by Quarter for PLDT (NYSE:PHI)

Receive News & Ratings for PLDT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PLDT and related companies with MarketBeat.com's FREE daily email newsletter.