US Bancorp DE Sells 544 Shares of PLDT Inc. (NYSE:PHI)

US Bancorp DE trimmed its position in shares of PLDT Inc. (NYSE:PHI) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,592 shares of the technology company’s stock after selling 544 shares during the quarter. US Bancorp DE’s holdings in PLDT were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Direct Indexing L.P. grew its holdings in shares of PLDT by 15.1% in the third quarter. First Trust Direct Indexing L.P. now owns 10,570 shares of the technology company’s stock worth $284,000 after purchasing an additional 1,383 shares during the last quarter. Ballentine Partners LLC boosted its position in PLDT by 6.9% in the 3rd quarter. Ballentine Partners LLC now owns 12,838 shares of the technology company’s stock valued at $345,000 after buying an additional 826 shares during the period. Oldfield Partners LLP grew its stake in PLDT by 0.9% in the 3rd quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company’s stock worth $1,220,000 after acquiring an additional 400 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of PLDT during the third quarter worth approximately $28,000. Finally, Blue Trust Inc. raised its stake in shares of PLDT by 194.8% during the third quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock valued at $341,000 after acquiring an additional 9,174 shares in the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.

PLDT Price Performance

Shares of PHI stock opened at $22.03 on Wednesday. PLDT Inc. has a 12-month low of $21.74 and a 12-month high of $30.39. The business’s fifty day simple moving average is $25.85 and its 200-day simple moving average is $25.61. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 2.21.

PLDT (NYSE:PHI) last issued its earnings results on Tuesday, August 13th. The technology company reported $0.67 earnings per share (EPS) for the quarter. PLDT had a return on equity of 21.49% and a net margin of 12.33%. The company had revenue of $923.00 million during the quarter. As a group, analysts expect that PLDT Inc. will post 2.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of PLDT from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

PLDT Company 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.