Natixis Advisors LLC Makes New $235,000 Investment in PLDT Inc. (NYSE:PHI)

Natixis Advisors LLC bought a new position in PLDT Inc. (NYSE:PHI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,747 shares of the technology company’s stock, valued at approximately $235,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in PLDT by 19.8% in the fourth quarter. Invesco Ltd. now owns 1,536,883 shares of the technology company’s stock worth $34,042,000 after buying an additional 254,110 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of PLDT during the first quarter valued at $5,891,000. Northern Trust Corp increased its holdings in shares of PLDT by 1,189.5% during the fourth quarter. Northern Trust Corp now owns 138,992 shares of the technology company’s stock valued at $3,079,000 after purchasing an additional 128,213 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of PLDT by 14.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 120,974 shares of the technology company’s stock valued at $2,646,000 after purchasing an additional 15,610 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of PLDT by 3,217.4% during the first quarter. GAMMA Investing LLC now owns 48,136 shares of the technology company’s stock valued at $1,053,000 after purchasing an additional 46,685 shares during the period. 2.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered PLDT from a “buy” rating to a “hold” rating in a report on Friday, June 6th.

PLDT Price Performance

Shares of PHI opened at $22.97 on Wednesday. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.02 and a beta of 0.71. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.35 and a current ratio of 0.36. PLDT Inc. has a one year low of $20.29 and a one year high of $29.05. The stock’s fifty day moving average is $22.30 and its 200-day moving average is $22.79.

PLDT (NYSE:PHI) last issued its quarterly earnings results on Thursday, May 15th. The technology company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The business had revenue of $991.52 million for the quarter. PLDT had a net margin of 14.48% and a return on equity of 29.66%. Equities analysts anticipate that PLDT Inc. will post 2.76 EPS for the current year.

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.