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

Cerity Partners LLC bought a new stake in PLDT Inc. (NYSE:PHI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,160 shares of the technology company's stock, valued at approximately $572,000.

Several other institutional investors have also recently made changes to their positions in the stock. Corient Private Wealth LLC raised its position in shares of PLDT by 20.5% in the fourth quarter. Corient Private Wealth LLC now owns 18,542 shares of the technology company's stock worth $411,000 after buying an additional 3,149 shares in the last quarter. American Century Companies Inc. raised its position in shares of PLDT by 13.8% in the fourth quarter. American Century Companies Inc. now owns 110,252 shares of the technology company's stock worth $2,442,000 after buying an additional 13,406 shares in the last quarter. Allianz SE purchased a new stake in shares of PLDT in the fourth quarter worth $906,000. Arrowstreet Capital Limited Partnership raised its position in shares of PLDT by 40.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,316 shares of the technology company's stock worth $2,510,000 after buying an additional 32,791 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 2.26% of the company's stock.

PLDT Trading Up 0.1%

Shares of NYSE:PHI traded up $0.01 on Friday, reaching $23.09. 38,202 shares of the company traded hands, compared to its average volume of 61,107. The business's 50-day simple moving average is $22.21 and its 200 day simple moving average is $22.74. PLDT Inc. has a 52 week low of $20.29 and a 52 week high of $29.05. The stock has a market capitalization of $4.99 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.72. 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 (NYSE:PHI - Get Free Report) last posted its earnings results on Thursday, May 15th. The technology company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.02). PLDT had a return on equity of 29.66% and a net margin of 14.48%. The business had revenue of $991.52 million during the quarter. As a group, equities analysts anticipate that PLDT Inc. will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.