Blue Trust Inc. Purchases 9,772 Shares of PLDT Inc. (NYSE:PHI)

Blue Trust Inc. raised its position in shares of PLDT Inc. (NYSE:PHI) by 70.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,655 shares of the technology company’s stock after acquiring 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.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of PLDT during the 3rd quarter valued at about $28,000. GAMMA Investing LLC boosted its holdings in shares of PLDT by 48.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after buying an additional 390 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of PLDT during the 3rd quarter worth approximately $79,000. Ascent Group LLC bought a new stake in shares of PLDT in the 3rd quarter valued at $218,000. Finally, First Trust Direct Indexing L.P. increased 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 valued at $284,000 after acquiring an additional 1,383 shares in the last quarter. 2.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

PLDT Stock Performance

Shares of PLDT stock opened at $22.77 on Friday. The business has a 50-day simple moving average of $22.33 and a 200 day simple moving average of $24.73. PLDT Inc. has a one year low of $21.00 and a one year high of $30.39. 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 capitalization of $4.92 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.08 and a beta of 0.66.

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

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.