Rhumbline Advisers trimmed its stake in PLDT Inc. (NYSE:PHI - Free Report) by 48.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,690 shares of the technology company's stock after selling 12,992 shares during the quarter. Rhumbline Advisers' holdings in PLDT were worth $299,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of PLDT during the fourth quarter worth approximately $49,000. BNP Paribas Financial Markets increased its stake in PLDT by 49.4% during 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 in the last quarter. Sequoia Financial Advisors LLC raised its holdings in PLDT by 12.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company's stock worth $258,000 after buying an additional 1,310 shares during the last quarter. Walleye Capital LLC bought a new position in shares of PLDT in the fourth quarter valued at $266,000. Finally, West Family Investments Inc. lifted its stake in shares of PLDT by 42.1% in the fourth quarter. West Family Investments Inc. now owns 12,352 shares of the technology company's stock valued at $274,000 after buying an additional 3,659 shares in the last quarter. 2.26% of the stock is currently owned by institutional investors and hedge funds.
PLDT Stock Up 0.3%
PHI traded up $0.06 during midday trading on Friday, reaching $21.37. 75,695 shares of the company were exchanged, compared to its average volume of 56,956. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 0.95 and a beta of 0.74. PLDT Inc. has a one year low of $20.29 and a one year high of $29.05. The company's fifty day moving average price is $22.68 and its 200 day moving average price is $22.71. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.35 and a current ratio of 0.36.
PLDT (NYSE:PHI - Get Free Report) last announced its quarterly 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). The company 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%. As a group, analysts expect that PLDT Inc. will post 2.76 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of PLDT from a "buy" rating to a "hold" rating in a report on Friday, June 6th.
Read Our Latest Research Report on PLDT
PLDT Profile
(
Free Report)
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.
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