Crossmark Global Holdings Inc. Purchases New Position in PLDT Inc. (NYSE:PHI)

Crossmark Global Holdings Inc. acquired a new position in PLDT Inc. (NYSE:PHI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 269,383 shares of the technology company's stock, valued at approximately $5,891,000. Crossmark Global Holdings Inc. owned approximately 0.12% of PLDT as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in PLDT by 49.4% in the 4th quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company's stock worth $97,000 after purchasing an additional 1,453 shares in the last quarter. Northern Trust Corp grew its position in shares of PLDT by 1,189.5% during the 4th quarter. Northern Trust Corp now owns 138,992 shares of the technology company's stock valued at $3,079,000 after acquiring an additional 128,213 shares during the period. American Century Companies Inc. grew its position in shares of PLDT by 13.8% during the 4th quarter. American Century Companies Inc. now owns 110,252 shares of the technology company's stock valued at $2,442,000 after acquiring an additional 13,406 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of PLDT by 40.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,316 shares of the technology company's stock valued at $2,510,000 after acquiring an additional 32,791 shares during the period. Finally, Allianz SE bought a new position in shares of PLDT during the 4th quarter valued at approximately $906,000. 2.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of PLDT from a "buy" rating to a "hold" rating in a research report on Friday, June 6th.

PLDT Stock Performance

Shares of PLDT stock traded down $0.16 on Wednesday, reaching $21.96. 65,126 shares of the company traded hands, compared to its average volume of 58,109. PLDT Inc. has a 52 week low of $20.29 and a 52 week high of $29.05. The company has a 50 day moving average of $22.55 and a 200 day moving average of $22.74. The firm has a market capitalization of $4.74 billion, a PE ratio of 8.68, a PEG ratio of 0.98 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.36 and a quick ratio of 0.35.

PLDT (NYSE:PHI - Get Free Report) last released its earnings results on Thursday, May 15th. The technology company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). The company 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 forecast that PLDT Inc. will post 2.76 earnings per share for the current year.

About PLDT

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.