PLDT Inc (NYSE:PHI) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in shares of PLDT Inc (NYSE:PHI) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,410 shares of the technology company’s stock after purchasing an additional 11,310 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in PLDT were worth $3,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in PLDT by 20.7% during the first quarter. Signaturefd LLC now owns 2,448 shares of the technology company’s stock worth $53,000 after purchasing an additional 420 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of PLDT during the first quarter worth approximately $41,000. Dimensional Fund Advisors LP grew its position in shares of PLDT by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 452,819 shares of the technology company’s stock worth $9,678,000 after acquiring an additional 3,129 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of PLDT by 41.7% during the first quarter. Quadrant Capital Group LLC now owns 11,888 shares of the technology company’s stock worth $256,000 after acquiring an additional 3,496 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of PLDT during the fourth quarter worth approximately $89,000. 8.04% of the stock is currently owned by institutional investors.

Shares of PHI traded up $0.23 during mid-day trading on Friday, reaching $22.10. 457 shares of the company’s stock were exchanged, compared to its average volume of 94,744. The company has a quick ratio of 0.43, a current ratio of 0.45 and a debt-to-equity ratio of 1.46. The stock has a market cap of $4.78 billion, a PE ratio of 9.78 and a beta of 0.55. The stock’s fifty day simple moving average is $23.83. PLDT Inc has a 52-week low of $19.36 and a 52-week high of $27.65.

PLDT (NYSE:PHI) last announced its earnings results on Thursday, May 9th. The technology company reported $0.63 earnings per share (EPS) for the quarter. The business had revenue of $791.00 million for the quarter. PLDT had a net margin of 11.31% and a return on equity of 23.17%. As a group, equities analysts forecast that PLDT Inc will post 2.37 EPS for the current year.

PHI has been the topic of a number of research reports. CLSA lowered shares of PLDT from an “outperform” rating to an “underperform” rating in a research report on Friday, June 7th. Zacks Investment Research lowered shares of PLDT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. PLDT has a consensus rating of “Sell” and an average price target of $28.00.

About PLDT

PLDT Inc operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The Wireless segment 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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Institutional Ownership by Quarter for PLDT (NYSE:PHI)

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