Blue Trust Inc. Decreases Stake in PLDT Inc. (NYSE:PHI)

Blue Trust Inc. lowered its position in PLDT Inc. (NYSE:PHI) by 36.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,755 shares of the technology company’s stock after selling 5,128 shares during the quarter. Blue Trust Inc.’s holdings in PLDT were worth $194,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in PLDT during the 3rd quarter valued at about $28,000. BNP Paribas Financial Markets purchased a new position in PLDT during the 3rd quarter valued at about $79,000. Ascent Group LLC purchased a new position in PLDT during the 3rd quarter valued at about $218,000. First Trust Direct Indexing L.P. grew its holdings in PLDT by 15.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,570 shares of the technology company’s stock valued at $284,000 after buying an additional 1,383 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in PLDT by 6.9% during 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 in the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.

Wall Street Analyst Weigh In

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

PLDT Stock Performance

Shares of PHI opened at $23.95 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. The stock has a 50-day moving average price of $22.50 and a 200-day moving average price of $24.46. PLDT Inc. has a 12-month low of $21.00 and a 12-month high of $30.39.

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.