PLDT (NYSE:PHI – Get Free Report) posted its earnings results on Tuesday. The technology company reported $0.68 earnings per share for the quarter, reports. PLDT had a net margin of 12.34% and a return on equity of 22.11%. The firm had revenue of $933.44 million during the quarter.
PLDT Price Performance
NYSE PHI opened at $21.55 on Friday. The company’s fifty day simple moving average is $25.67 and its 200-day simple moving average is $25.56. PLDT has a 52 week low of $21.52 and a 52 week high of $30.39. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in PHI. Ascent Group LLC acquired a new stake in PLDT in the third quarter valued at $218,000. BNP Paribas Financial Markets bought a new stake in PLDT during the third quarter valued at $79,000. Robeco Institutional Asset Management B.V. increased its stake in PLDT by 12.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 13,946 shares of the technology company’s stock valued at $375,000 after purchasing an additional 1,565 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in 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 purchasing an additional 1,383 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in PLDT by 6.9% during the third quarter. Ballentine Partners LLC now owns 12,838 shares of the technology company’s stock valued at $345,000 after purchasing an additional 826 shares during the last quarter. 2.26% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Get Our Latest Stock Report on PHI
PLDT Company 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.
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