Renaissance Technologies LLC Boosts Stock Holdings in PLDT Inc. $PHI

Renaissance Technologies LLC raised its position in shares of PLDT Inc. (NYSE:PHI) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,327,067 shares of the technology company’s stock after purchasing an additional 29,024 shares during the period. Renaissance Technologies LLC owned 1.08% of PLDT worth $48,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of PLDT during the 4th quarter valued at $26,000. Farther Finance Advisors LLC grew its stake in shares of PLDT by 272.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock worth $28,000 after acquiring an additional 955 shares during the period. Arax Advisory Partners increased 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 worth $37,000 after acquiring an additional 1,387 shares during the last quarter. CWM LLC raised its stake in PLDT by 22.1% in the 4th quarter. CWM LLC now owns 2,590 shares of the technology company’s stock valued at $56,000 after acquiring an additional 469 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in PLDT by 155.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock valued at $67,000 after acquiring an additional 1,866 shares during the period. 2.26% of the stock is owned by hedge funds and other institutional investors.

PLDT Stock Performance

NYSE PHI opened at $19.75 on Tuesday. PLDT Inc. has a 1 year low of $17.05 and a 1 year high of $24.51. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.42 and a quick ratio of 0.40. The stock has a market capitalization of $4.27 billion, a PE ratio of 8.23, a P/E/G ratio of 2.91 and a beta of 0.61. The company’s 50 day simple moving average is $18.41 and its two-hundred day simple moving average is $20.68.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PHI. Zacks Research upgraded shares of PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings lowered shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

PLDT 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.