Northern Trust Corp Purchases 128,213 Shares of PLDT Inc. (NYSE:PHI)

Northern Trust Corp increased its stake in PLDT Inc. (NYSE:PHI - Free Report) by 1,189.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,992 shares of the technology company's stock after acquiring an additional 128,213 shares during the period. Northern Trust Corp owned approximately 0.06% of PLDT worth $3,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco Ltd. grew its holdings in PLDT by 19.8% during the fourth quarter. Invesco Ltd. now owns 1,536,883 shares of the technology company's stock worth $34,042,000 after acquiring an additional 254,110 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of PLDT by 655.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company's stock valued at $2,334,000 after purchasing an additional 91,418 shares during the period. Allianz SE acquired a new stake in shares of PLDT in the fourth quarter worth approximately $906,000. Arrowstreet Capital Limited Partnership grew its holdings 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 worth $2,510,000 after purchasing an additional 32,791 shares during the period. Finally, American Century Companies Inc. boosted its position in PLDT by 13.8% during the 4th quarter. American Century Companies Inc. now owns 110,252 shares of the technology company's stock worth $2,442,000 after purchasing an additional 13,406 shares during the period. 2.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered PLDT from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

PLDT Stock Performance

PLDT stock traded up $0.10 during mid-day trading on Thursday, hitting $22.93. 43,739 shares of the company's stock traded hands, compared to its average volume of 53,605. The firm has a 50 day moving average price of $22.76 and a 200 day moving average price of $22.78. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. The company has a market cap of $4.95 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76. PLDT Inc. has a one year low of $20.29 and a one year high of $29.05.

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 the consensus estimate of $0.73 by ($0.02). PLDT had a return on equity of 22.11% and a net margin of 12.34%. The firm had revenue of $991.52 million during the quarter. On average, equities analysts forecast that PLDT Inc. will post 2.76 EPS 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.