Bank of New York Mellon Corp Sells 862 Shares of PLDT Inc. (PHI)

Bank of New York Mellon Corp decreased its position in shares of PLDT Inc. (NYSE:PHI) by 10.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,410 shares of the technology company’s stock after selling 862 shares during the quarter. Bank of New York Mellon Corp’s holdings in PLDT were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. UBS Group AG grew its holdings in shares of PLDT by 0.6% during the first quarter. UBS Group AG now owns 26,047 shares of the technology company’s stock valued at $837,000 after buying an additional 166 shares during the last quarter. Aperio Group LLC grew its holdings in shares of PLDT by 15.4% during the second quarter. Aperio Group LLC now owns 117,619 shares of the technology company’s stock valued at $4,153,000 after buying an additional 15,728 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in shares of PLDT during the second quarter valued at approximately $201,000. Dimensional Fund Advisors LP grew its holdings in shares of PLDT by 10.1% during the first quarter. Dimensional Fund Advisors LP now owns 349,577 shares of the technology company’s stock valued at $11,226,000 after buying an additional 32,114 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of PLDT by 11.5% during the first quarter. Bank of America Corp DE now owns 106,387 shares of the technology company’s stock valued at $3,422,000 after buying an additional 10,965 shares during the last quarter. Hedge funds and other institutional investors own 9.46% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of PLDT from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. BidaskClub cut shares of PLDT from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Deutsche Bank AG cut shares of PLDT from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. PLDT currently has a consensus rating of “Hold”.

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PLDT Inc. (NYSE:PHI) opened at $33.00 on Friday. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 0.91 and a beta of 0.99. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.31.

About PLDT

PLDT, Inc, formerly Philippine Long Distance Telephone Company (PLDT), is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

Institutional Ownership by Quarter for PLDT (NYSE:PHI)

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