BNP Paribas Financial Markets Purchases New Shares in PLDT Inc. (NYSE:PHI)

BNP Paribas Financial Markets acquired a new position in shares of PLDT Inc. (NYSE:PHI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,943 shares of the technology company’s stock, valued at approximately $79,000.

Several other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of PLDT by 10.9% in the second quarter. American Century Companies Inc. now owns 93,479 shares of the technology company’s stock valued at $2,296,000 after buying an additional 9,206 shares during the period. Oldfield Partners LLP lifted its position in shares of PLDT by 1.1% during the 2nd quarter. Oldfield Partners LLP now owns 45,000 shares of the technology company’s stock valued at $1,105,000 after acquiring an additional 500 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of PLDT by 21.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,341 shares of the technology company’s stock valued at $396,000 after acquiring an additional 2,903 shares during the period. Kathmere Capital Management LLC grew its holdings in shares of PLDT by 80.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 18,887 shares of the technology company’s stock worth $464,000 after purchasing an additional 8,408 shares in the last quarter. Finally, Creative Planning increased its position in shares of PLDT by 19.6% in the second quarter. Creative Planning now owns 56,050 shares of the technology company’s stock worth $1,377,000 after purchasing an additional 9,169 shares during the period. Institutional investors own 2.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of PLDT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

PLDT Stock Performance

Shares of PLDT stock opened at $21.23 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. The company has a market cap of $4.59 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.14 and a beta of 0.66. The company has a 50 day moving average of $23.42 and a 200-day moving average of $25.19. PLDT Inc. has a 1-year low of $21.00 and a 1-year high of $30.39.

PLDT (NYSE:PHI) last released its earnings results on Tuesday, November 12th. The technology company reported $0.68 earnings per share for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The firm had revenue of $933.44 million during the quarter. As a group, equities research analysts forecast that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.

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.