Macquarie Group Ltd. Cuts Stake in PLDT Inc. (PHI)
Macquarie Group Ltd. lessened its position in shares of PLDT Inc. (NYSE:PHI) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,168 shares of the technology company’s stock after selling 2,432 shares during the quarter. Macquarie Group Ltd.’s holdings in PLDT were worth $1,538,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its stake in PLDT by 221.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 96,410 shares of the technology company’s stock valued at $3,404,000 after purchasing an additional 66,409 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in PLDT by 10.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 349,577 shares of the technology company’s stock valued at $11,226,000 after purchasing an additional 32,114 shares during the last quarter. Northern Trust Corp raised its stake in PLDT by 15.5% in the 2nd quarter. Northern Trust Corp now owns 152,290 shares of the technology company’s stock valued at $5,378,000 after purchasing an additional 20,426 shares during the last quarter. M&T Bank Corp acquired a new position in PLDT in the 2nd quarter valued at about $368,000. Finally, Susquehanna International Group LLP raised its stake in PLDT by 37.0% in the 2nd quarter. Susquehanna International Group LLP now owns 36,392 shares of the technology company’s stock valued at $1,285,000 after purchasing an additional 9,832 shares during the last quarter. 9.03% of the stock is owned by institutional investors and hedge funds.
PLDT Inc. (PHI) traded up $0.03 during midday trading on Friday, hitting $29.84. 80,100 shares of the stock were exchanged, compared to its average volume of 94,775. PLDT Inc. has a one year low of $25.80 and a one year high of $38.54. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.53 and a current ratio of 0.55. The firm has a market cap of $6,440.63, a P/E ratio of 10.88, a P/E/G ratio of 0.81 and a beta of 0.94.
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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.
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