Ballentine Partners LLC boosted its stake in PLDT Inc. (NYSE:PHI – Free Report) by 23.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 14,582 shares of the technology company’s stock after buying an additional 2,753 shares during the period. Ballentine Partners LLC’s holdings in PLDT were worth $360,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of PHI. Deutsche Bank AG acquired a new position in PLDT in the 3rd quarter valued at about $880,000. Quadrant Capital Group LLC boosted its holdings in PLDT by 171.3% in the 4th quarter. Quadrant Capital Group LLC now owns 21,762 shares of the technology company’s stock valued at $510,000 after purchasing an additional 13,741 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in PLDT in the 4th quarter valued at about $238,000. West Family Investments Inc. bought a new stake in PLDT in the 4th quarter valued at about $220,000. Finally, Cerity Partners LLC bought a new stake in PLDT in the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 2.26% of the company’s stock.
PLDT Stock Performance
NYSE PHI opened at $23.44 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.34 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $5.06 billion, a P/E ratio of 8.74, a P/E/G ratio of 1.28 and a beta of 0.65. PLDT Inc. has a 12-month low of $19.02 and a 12-month high of $30.39. The firm has a 50-day moving average price of $24.16 and a two-hundred day moving average price of $23.68.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of PLDT from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 11th.
Read Our Latest Stock Report on PLDT
PLDT Company 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.
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