PLDT Inc. $PHI Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of PLDT Inc. (NYSE:PHI) by 47.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 121,103 shares of the technology company’s stock after purchasing an additional 38,731 shares during the quarter. Quantinno Capital Management LP owned approximately 0.06% of PLDT worth $2,548,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC lifted its position in PLDT by 1.3% during the first quarter. Renaissance Technologies LLC now owns 2,327,067 shares of the technology company’s stock worth $48,961,000 after buying an additional 29,024 shares during the period. Arax Advisory Partners grew its holdings in PLDT by 429.4% in the 4th quarter. Arax Advisory Partners now owns 1,710 shares of the technology company’s stock valued at $37,000 after buying an additional 1,387 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in PLDT in the 4th quarter valued at about $26,000. First Trust Advisors LP increased its stake in shares of PLDT by 40.8% during the 1st quarter. First Trust Advisors LP now owns 17,926 shares of the technology company’s stock valued at $377,000 after acquiring an additional 5,197 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of PLDT by 24.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,494 shares of the technology company’s stock valued at $557,000 after acquiring an additional 5,205 shares during the last quarter. Institutional investors and hedge funds own 2.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PHI shares. Weiss Ratings cut shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 3rd. Zacks Research raised shares of PLDT from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

PLDT Stock Performance

NYSE:PHI opened at $20.07 on Monday. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 2.96 and a beta of 0.60. The firm’s fifty day simple moving average is $18.59 and its 200 day simple moving average is $20.54. PLDT Inc. has a twelve month low of $17.05 and a twelve month high of $24.51.

PLDT (NYSE:PHI) last announced its quarterly earnings results on Friday, May 15th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. PLDT had a return on equity of 27.37% and a net margin of 13.62%.The firm had revenue of $932.80 million during the quarter, compared to the consensus estimate of $913.26 million. As a group, equities research analysts expect that PLDT Inc. will post 2.58 earnings per share for the current fiscal year.

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.