PLDT (NYSE:PHI) Issues Quarterly Earnings Results

PLDT (NYSE:PHI) 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

Separately, StockNews.com upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a report on Thursday.

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.