Robeco Institutional Asset Management B.V. Purchases 15,610 Shares of PLDT Inc. (NYSE:PHI)

Robeco Institutional Asset Management B.V. raised its holdings in PLDT Inc. (NYSE:PHI - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 120,974 shares of the technology company's stock after acquiring an additional 15,610 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of PLDT worth $2,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of PLDT by 51.7% during the first quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company's stock worth $48,000 after buying an additional 750 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of PLDT during the fourth quarter worth $49,000. BNP Paribas Financial Markets increased its position in shares of PLDT by 49.4% during the fourth quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company's stock worth $97,000 after buying an additional 1,453 shares during the period. Blue Trust Inc. increased its position in shares of PLDT by 17.3% during the first quarter. Blue Trust Inc. now owns 10,270 shares of the technology company's stock worth $225,000 after buying an additional 1,515 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of 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 period. 2.26% of the stock is currently owned by institutional investors and hedge funds.

PLDT Stock Up 0.3%

NYSE:PHI traded up $0.07 during trading hours on Friday, reaching $22.63. The company had a trading volume of 29,020 shares, compared to its average volume of 57,725. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 2.26. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.01 and a beta of 0.72. The business's 50-day simple moving average is $22.59 and its two-hundred day simple moving average is $22.73. PLDT Inc. has a twelve month low of $20.29 and a twelve month high of $29.05.

PLDT (NYSE:PHI - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The technology company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). The company 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, equities analysts expect that PLDT Inc. will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of PLDT from a "buy" rating to a "hold" rating in a report 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.