Robeco Institutional Asset Management B.V. Sells 38,381 Shares of PLDT Inc. $PHI

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of PLDT Inc. (NYSE:PHI) by 52.6% during the third quarter, Holdings Channel.com reports. The fund owned 34,533 shares of the technology company’s stock after selling 38,381 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in PLDT were worth $646,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PHI. MAI Capital Management bought a new stake in PLDT in the 2nd quarter valued at about $65,000. EverSource Wealth Advisors LLC raised its position in shares of PLDT by 155.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock valued at $67,000 after buying an additional 1,866 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of PLDT by 759.7% in the second quarter. Hantz Financial Services Inc. now owns 3,774 shares of the technology company’s stock valued at $82,000 after buying an additional 3,335 shares during the period. Evergreen Capital Management LLC acquired a new stake in PLDT during the second quarter worth approximately $201,000. Finally, Envestnet Asset Management Inc. bought a new position in PLDT during the 2nd quarter worth $275,000. Institutional investors and hedge funds own 2.26% of the company’s stock.

PLDT Trading Up 1.4%

Shares of PHI stock opened at $22.25 on Tuesday. PLDT Inc. has a fifty-two week low of $18.61 and a fifty-two week high of $25.12. The stock’s fifty day moving average price is $21.51 and its two-hundred day moving average price is $21.07. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.37 and a current ratio of 0.38. The company has a market cap of $4.74 billion, a PE ratio of 9.39, a P/E/G ratio of 1.89 and a beta of 0.65.

PLDT (NYSE:PHI) last announced its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). The business had revenue of $922.04 million for the quarter, compared to the consensus estimate of $953.29 million. PLDT had a return on equity of 28.27% and a net margin of 13.40%. Equities analysts predict that PLDT Inc. will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

PHI has been the subject of a number of recent analyst reports. Zacks Research upgraded PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PLDT in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

PLDT Profile

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.