PLDT Inc. (NYSE:PHI) Shares Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC raised its holdings in PLDT Inc. (NYSE:PHI) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,035 shares of the technology company’s stock after buying an additional 3,915 shares during the quarter. Kathmere Capital Management LLC’s holdings in PLDT were worth $643,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of PLDT in the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC increased its stake in PLDT by 48.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock valued at $32,000 after purchasing an additional 390 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of PLDT in the third quarter worth $79,000. Ascent Group LLC acquired a new stake in shares of PLDT during the third quarter worth $218,000. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of PLDT by 15.1% during the third quarter. First Trust Direct Indexing L.P. now owns 10,570 shares of the technology company’s stock valued at $284,000 after buying an additional 1,383 shares during the last quarter. Institutional investors and hedge funds own 2.26% of the company’s stock.

PLDT Trading Up 0.5 %

Shares of NYSE:PHI opened at $22.56 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. PLDT Inc. has a 52-week low of $21.00 and a 52-week high of $30.39. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 1.14 and a beta of 0.66. The business has a 50-day moving average price of $22.34 and a 200-day moving average price of $24.95.

PLDT (NYSE:PHI) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $933.44 million during the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. Equities analysts predict that PLDT Inc. will post 2.76 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded PLDT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

PLDT Profile

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.