Blue Trust Inc. Increases Stock Holdings in PLDT Inc. (NYSE:PHI)

Blue Trust Inc. boosted its stake in PLDT Inc. (NYSE:PHI) by 70.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,655 shares of the technology company’s stock after buying an additional 9,772 shares during the quarter. Blue Trust Inc.’s holdings in PLDT were worth $524,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PHI. GAMMA Investing LLC grew its stake in shares of PLDT by 48.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after acquiring an additional 390 shares in the last quarter. Oldfield Partners LLP grew its position in PLDT by 0.9% in the 3rd quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company’s stock worth $1,220,000 after purchasing an additional 400 shares in the last quarter. Ballentine Partners LLC increased its stake in PLDT by 6.9% in the 3rd quarter. Ballentine Partners LLC now owns 12,838 shares of the technology company’s stock valued at $345,000 after buying an additional 826 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of PLDT during the 3rd quarter worth approximately $28,000. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of PLDT by 15.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,570 shares of the technology company’s stock worth $284,000 after buying an additional 1,383 shares during the last quarter. 2.26% of the stock is currently owned by institutional investors.

PLDT Trading Up 1.0 %

Shares of PLDT stock opened at $22.77 on Friday. The stock has a fifty day moving average price of $22.33 and a 200-day moving average price of $24.73. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32. The firm has a market cap of $4.92 billion, a PE ratio of 7.39, a P/E/G ratio of 1.08 and a beta of 0.66. PLDT Inc. has a 1 year low of $21.00 and a 1 year high of $30.39.

PLDT (NYSE:PHI) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.68 earnings per share (EPS) for the quarter. The business had revenue of $933.44 million during the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. Equities research analysts anticipate that PLDT Inc. will post 2.76 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised PLDT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

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.