PLDT Inc (PHI) Position Lifted by Greenleaf Trust

Greenleaf Trust boosted its holdings in PLDT Inc (NYSE:PHI) by 37.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,381 shares of the technology company’s stock after acquiring an additional 2,830 shares during the period. Greenleaf Trust’s holdings in PLDT were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PHI. Wells Fargo & Company MN lifted its holdings in PLDT by 9.6% in the second quarter. Wells Fargo & Company MN now owns 69,409 shares of the technology company’s stock valued at $2,451,000 after acquiring an additional 6,062 shares during the last quarter. Citigroup Inc. lifted its holdings in PLDT by 14.5% in the second quarter. Citigroup Inc. now owns 3,654 shares of the technology company’s stock valued at $129,000 after acquiring an additional 462 shares during the last quarter. Northern Trust Corp lifted its holdings in PLDT by 15.5% in the second quarter. Northern Trust Corp now owns 152,290 shares of the technology company’s stock valued at $5,378,000 after acquiring an additional 20,426 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in PLDT in the second quarter valued at approximately $218,000. Finally, Aperio Group LLC lifted its holdings in PLDT by 6.3% in the third quarter. Aperio Group LLC now owns 125,034 shares of the technology company’s stock valued at $3,991,000 after acquiring an additional 7,415 shares during the last quarter. Hedge funds and other institutional investors own 8.96% of the company’s stock.

PLDT Inc (NYSE:PHI) opened at $29.36 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.55 and a quick ratio of 0.53. PLDT Inc has a twelve month low of $27.60 and a twelve month high of $38.54. The company has a market capitalization of $6,328.28, a P/E ratio of 10.69, a P/E/G ratio of 0.97 and a beta of 0.83.

A number of research analysts recently commented on the company. Zacks Investment Research cut PLDT from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America upgraded PLDT from an “underperform” rating to a “neutral” rating in a report on Thursday, December 14th. Citigroup upgraded PLDT from a “sell” rating to a “neutral” rating in a report on Wednesday, December 6th. Finally, JPMorgan Chase & Co. upgraded PLDT from a “neutral” rating to an “overweight” rating in a report on Friday, January 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. PLDT presently has a consensus rating of “Hold” and a consensus price target of $33.00.

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PLDT Profile

PLDT, Inc, formerly Philippine Long Distance Telephone Company (PLDT), is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

Institutional Ownership by Quarter for PLDT (NYSE:PHI)

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