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

Kathmere Capital Management LLC lifted its position in shares of PLDT Inc. (NYSE:PHI) by 15.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,035 shares of the technology company’s stock after purchasing an additional 3,915 shares during the quarter. Kathmere Capital Management LLC’s holdings in PLDT were worth $643,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in PLDT during the third quarter worth $28,000. GAMMA Investing LLC boosted its stake in shares of PLDT by 48.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after acquiring an additional 390 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of PLDT during the 3rd quarter valued at about $79,000. Ascent Group LLC purchased a new position in shares of PLDT in the 3rd quarter valued at about $218,000. Finally, First Trust Direct Indexing L.P. raised its holdings in PLDT by 15.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,570 shares of the technology company’s stock worth $284,000 after purchasing an additional 1,383 shares during the period. 2.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

PLDT Price Performance

PLDT stock opened at $22.56 on Thursday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. The company’s fifty day moving average price is $22.34 and its 200 day moving average price is $24.95. The stock has a market capitalization of $4.87 billion, a P/E ratio of 7.73, a P/E/G ratio of 1.14 and a beta of 0.66. PLDT Inc. has a 1 year low of $21.00 and a 1 year high of $30.39.

PLDT (NYSE:PHI) last released its earnings results on Tuesday, November 12th. The technology company reported $0.68 EPS for the quarter. The business 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%. As a group, equities research analysts anticipate that PLDT Inc. will post 2.76 earnings per share 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.