PNC Financial Services Group Inc. Has $324,000 Stake in PLDT Inc. (NYSE:PHI)

PNC Financial Services Group Inc. lifted its stake in shares of PLDT Inc. (NYSE:PHI) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,836 shares of the technology company’s stock after acquiring an additional 433 shares during the period. PNC Financial Services Group Inc.’s holdings in PLDT were worth $324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC increased its stake in PLDT by 47.1% in the fourth quarter. CWM LLC now owns 2,632 shares of the technology company’s stock valued at $62,000 after purchasing an additional 843 shares in the last quarter. Blue Trust Inc. grew its stake in shares of PLDT by 291.5% in the 4th quarter. Blue Trust Inc. now owns 1,711 shares of the technology company’s stock valued at $40,000 after buying an additional 1,274 shares during the period. Citigroup Inc. increased its position in PLDT by 10.9% in the 3rd quarter. Citigroup Inc. now owns 26,649 shares of the technology company’s stock valued at $551,000 after buying an additional 2,627 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in PLDT by 13.4% during the 4th quarter. First Trust Direct Indexing L.P. now owns 27,806 shares of the technology company’s stock worth $651,000 after buying an additional 3,283 shares during the period. Finally, Barometer Capital Management Inc. bought a new position in PLDT in the fourth quarter worth approximately $117,000. 2.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered PLDT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 11th.

PLDT Stock Up 1.4 %

PLDT stock opened at $24.56 on Friday. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 1.34 and a beta of 0.65. The firm’s fifty day moving average price is $24.23 and its two-hundred day moving average price is $23.70. PLDT Inc. has a 1-year low of $19.02 and a 1-year high of $30.39. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 2.31.

PLDT (NYSE:PHI) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported $0.74 earnings per share for the quarter. The business had revenue of $968.85 million for the quarter. PLDT had a net margin of 12.86% and a return on equity of 21.34%. On average, equities research analysts predict that PLDT Inc. will post 2.67 earnings per share for the current fiscal year.

About PLDT

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.