Cwm LLC lifted its position in shares of PLDT Inc. (NYSE:PHI – Free Report) by 47.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,632 shares of the technology company’s stock after acquiring an additional 843 shares during the quarter. Cwm LLC’s holdings in PLDT were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Deutsche Bank AG bought a new stake in PLDT in the third quarter valued at $880,000. Ballentine Partners LLC bought a new position in PLDT during the 4th quarter valued at $277,000. Cerity Partners LLC acquired a new position in PLDT during the fourth quarter worth about $211,000. Sequoia Financial Advisors LLC acquired a new position in shares of PLDT in the 4th quarter worth approximately $203,000. Finally, Signaturefd LLC grew its position in PLDT by 105.8% in the fourth quarter. Signaturefd LLC now owns 13,578 shares of the technology company’s stock worth $318,000 after buying an additional 6,979 shares during the last quarter. 2.26% of the stock is currently owned by institutional investors.
PLDT Trading Up 0.6 %
NYSE:PHI opened at $24.10 on Thursday. The stock’s 50-day moving average is $23.94 and its two-hundred day moving average is $23.20. PLDT Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $30.39. The stock has a market cap of $5.21 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.30 and a beta of 0.59. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.36 and a quick ratio of 0.34.
PLDT Cuts Dividend
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded PLDT from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 11th.
Check Out Our Latest Report on PLDT
PLDT Profile
PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.
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