Shares of PLDT Inc. (NYSE:PHI – Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $17.81 and last traded at $17.7950, with a volume of 31652 shares traded. The stock had previously closed at $18.12.
Analyst Ratings Changes
PHI has been the subject of a number of research reports. Weiss Ratings cut shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Zacks Research cut shares of PLDT from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.
Read Our Latest Analysis on PLDT
PLDT Stock Performance
PLDT (NYSE:PHI – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The technology company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. PLDT had a net margin of 13.62% and a return on equity of 27.37%. The business had revenue of $932.80 million during the quarter, compared to analysts’ expectations of $913.27 million. On average, research analysts anticipate that PLDT Inc. will post 2.58 earnings per share for the current fiscal year.
Insider Buying and Selling at PLDT
In other news, Director Alfredo Santos Panlilio sold 4,505 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $22.64, for a total value of $101,993.20. Following the completion of the sale, the director owned 3,000 shares of the company’s stock, valued at $67,920. This represents a 60.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by company insiders.
Institutional Trading of PLDT
Several hedge funds have recently made changes to their positions in PHI. EverSource Wealth Advisors LLC lifted its holdings in shares of PLDT by 74.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,390 shares of the technology company’s stock worth $155,000 after acquiring an additional 3,155 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of PLDT by 47.0% in the 1st quarter. Quantinno Capital Management LP now owns 121,103 shares of the technology company’s stock worth $2,548,000 after acquiring an additional 38,731 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of PLDT by 1.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,327,067 shares of the technology company’s stock worth $48,961,000 after acquiring an additional 29,024 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of PLDT by 40.8% in the 1st quarter. First Trust Advisors LP now owns 17,926 shares of the technology company’s stock worth $377,000 after acquiring an additional 5,197 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of PLDT by 24.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,494 shares of the technology company’s stock worth $557,000 after acquiring an additional 5,205 shares during the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.
PLDT Company 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.
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