PLDT Inc. (NYSE:PHI) Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in PLDT Inc. (NYSE:PHI) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,592 shares of the technology company’s stock after selling 544 shares during the period. US Bancorp DE’s holdings in PLDT were worth $392,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. O Shaughnessy Asset Management LLC grew its holdings in shares of PLDT by 337.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after purchasing an additional 29,225 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of PLDT in the 3rd quarter valued at approximately $28,000. SageView Advisory Group LLC acquired a new stake in shares of PLDT during the 1st quarter worth approximately $62,000. Sequoia Financial Advisors LLC raised its position in shares of 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. lifted its holdings in PLDT by 194.8% in the third quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock valued at $341,000 after acquiring an additional 9,174 shares during the last quarter. 2.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered PLDT from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st.

PLDT Stock Down 3.8 %

Shares of PHI opened at $22.03 on Wednesday. PLDT Inc. has a fifty-two week low of $21.74 and a fifty-two week high of $30.39. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 2.21. The firm’s 50 day moving average price is $25.85 and its 200 day moving average price is $25.61.

PLDT (NYSE:PHI) last issued its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $923.00 million during the quarter. PLDT had a net margin of 12.33% and a return on equity of 21.49%. As a group, analysts predict that PLDT Inc. will post 2.76 EPS for the current fiscal year.

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.