Crossmark Global Holdings Inc. Invests $5.89 Million in PLDT Inc. (NYSE:PHI)

Crossmark Global Holdings Inc. bought a new position in shares of PLDT Inc. (NYSE:PHI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in PLDT by 49.4% in the 4th quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company's stock valued at $97,000 after purchasing an additional 1,453 shares during the last quarter. Northern Trust Corp raised its stake 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 acquiring an additional 128,213 shares during the last quarter. American Century Companies Inc. raised its stake in shares of PLDT by 13.8% during the fourth 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 last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of PLDT by 40.7% during the fourth 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 last quarter. Finally, Allianz SE bought a new position in shares of PLDT during the fourth quarter valued at $906,000. Institutional investors and hedge funds own 2.26% of the company's stock.

PLDT Trading Down 0.6%

Shares of PHI stock traded down $0.13 during trading hours on Friday, hitting $21.70. 57,269 shares of the company's stock traded hands, compared to its average volume of 58,716. The stock's 50 day simple moving average is $22.44 and its 200 day simple moving average is $22.74. The stock has a market cap of $4.69 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. PLDT Inc. has a 12 month low of $20.29 and a 12 month high of $29.05. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 2.26.

PLDT (NYSE:PHI - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The technology company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The firm had revenue of $991.52 million for the quarter. PLDT had a return on equity of 29.66% and a net margin of 14.48%. On average, sell-side analysts anticipate that PLDT Inc. will post 2.76 EPS for the current year.

Analysts Set New Price Targets

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

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.