US Bancorp DE Boosts Stock Holdings in PLDT Inc. (NYSE:PHI)

US Bancorp DE boosted its stake in shares of PLDT Inc. (NYSE:PHI – Get Rating) by 25.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,537 shares of the technology company’s stock after purchasing an additional 3,812 shares during the period. US Bancorp DE’s holdings in PLDT were worth $469,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in PLDT by 4.7% during the first quarter. BlackRock Inc. now owns 718,032 shares of the technology company’s stock worth $25,232,000 after purchasing an additional 32,027 shares during the period. First Trust Advisors LP increased its position in shares of PLDT by 15.5% in the first quarter. First Trust Advisors LP now owns 212,420 shares of the technology company’s stock worth $7,464,000 after acquiring an additional 28,564 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of PLDT in the second quarter worth $5,204,000. Virtus ETF Advisers LLC increased its position in shares of PLDT by 21.1% in the second quarter. Virtus ETF Advisers LLC now owns 52,473 shares of the technology company’s stock worth $1,596,000 after acquiring an additional 9,159 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of PLDT by 6.3% in the first quarter. Hsbc Holdings PLC now owns 44,712 shares of the technology company’s stock worth $1,583,000 after acquiring an additional 2,645 shares in the last quarter. Hedge funds and other institutional investors own 2.59% of the company’s stock.

PLDT Trading Up 0.4 %

NYSE PHI opened at $26.74 on Monday. PLDT Inc. has a 12 month low of $20.20 and a 12 month high of $39.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.30 and a quick ratio of 0.28. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.16 and a beta of 0.52. The company’s fifty day moving average price is $26.28 and its two-hundred day moving average price is $27.57.

PLDT (NYSE:PHI – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The technology company reported $0.62 earnings per share (EPS) for the quarter. PLDT had a net margin of 17.16% and a return on equity of 23.67%. The company had revenue of $912.13 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of PLDT from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 29th.

About PLDT

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PLDT, Inc engages in the provision of telecommunication services. It operates through the following segments: Wireless, Fixed Line, and Others. The Wireless segment focuses on driving data services while managing business of voice and SMS. The Fixed Line segment offers fixed line telecommunications services throughout the Philippines, servicing retail, corporate, and SME clients.