Cerity Partners LLC Invests $572,000 in PLDT Inc. (NYSE:PHI)

Cerity Partners LLC purchased a new position in PLDT Inc. (NYSE:PHI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,160 shares of the technology company's stock, valued at approximately $572,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in PLDT by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company's stock worth $48,000 after buying an additional 750 shares in the last quarter. Vident Advisory LLC raised its holdings in PLDT by 2.0% during the 4th quarter. Vident Advisory LLC now owns 42,876 shares of the technology company's stock valued at $950,000 after buying an additional 854 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in PLDT by 9.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the technology company's stock valued at $279,000 after buying an additional 1,108 shares during the last quarter. BNP Paribas Financial Markets raised its holdings 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. Finally, Blue Trust Inc. raised its holdings in PLDT by 17.3% in the 1st quarter. Blue Trust Inc. now owns 10,270 shares of the technology company's stock worth $225,000 after purchasing an additional 1,515 shares in the last quarter. Hedge funds and other institutional investors own 2.26% of the company's stock.

Wall Street Analyst Weigh In

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

PLDT Trading Down 0.6%

NYSE PHI traded down $0.15 during trading on Monday, hitting $22.93. The company had a trading volume of 50,337 shares, compared to its average volume of 59,232. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 2.26. PLDT Inc. has a one year low of $20.29 and a one year high of $29.05. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 1.03 and a beta of 0.72. The company's fifty day moving average is $22.20 and its 200-day moving average is $22.75.

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 business had revenue of $991.52 million during the quarter. PLDT had a return on equity of 29.66% and a net margin of 14.48%. On average, sell-side analysts predict that PLDT Inc. will post 2.76 earnings per share for the current 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.