PLDT (NYSE:PHI) Issues Quarterly Earnings Results

PLDT (NYSE:PHI) released its earnings results on Tuesday. The technology company reported $0.68 earnings per share for the quarter, reports. PLDT had a net margin of 12.34% and a return on equity of 22.11%. The firm had revenue of $933.44 million during the quarter.

PLDT Trading Down 2.2 %

PHI stock opened at $21.55 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. PLDT has a fifty-two week low of $21.52 and a fifty-two week high of $30.39. The firm’s 50-day simple moving average is $25.67 and its 200 day simple moving average is $25.56.

Institutional Trading of PLDT

A number of large investors have recently modified their holdings of PHI. O Shaughnessy Asset Management LLC increased its stake in PLDT by 337.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after buying an additional 29,225 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in PLDT during the 3rd quarter valued at about $28,000. SageView Advisory Group LLC acquired a new position in PLDT during the 1st quarter valued at about $62,000. Sequoia Financial Advisors LLC increased its stake in PLDT by 19.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,439 shares of the technology company’s stock valued at $256,000 after buying an additional 1,719 shares during the period. Finally, Blue Trust Inc. increased its stake in PLDT by 194.8% during the 3rd quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock valued at $341,000 after buying an additional 9,174 shares during the period. Institutional investors and hedge funds own 2.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.