Robeco Institutional Asset Management B.V. Purchases 91,418 Shares of PLDT Inc. (NYSE:PHI)

Robeco Institutional Asset Management B.V. increased its position in shares of PLDT Inc. (NYSE:PHI) by 655.5% during the 4th quarter, Holdings Channel reports. The firm owned 105,364 shares of the technology company’s stock after acquiring an additional 91,418 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PLDT were worth $2,334,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in PLDT during the third quarter valued at about $28,000. GAMMA Investing LLC grew its position in shares of PLDT by 48.3% during the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after purchasing an additional 390 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in PLDT during the 3rd quarter valued at approximately $79,000. Ascent Group LLC purchased a new position in PLDT in the 3rd quarter worth approximately $218,000. Finally, First Trust Direct Indexing L.P. boosted its stake 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. Hedge funds and other institutional investors own 2.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PLDT Stock Performance

PHI opened at $22.60 on Tuesday. The firm has a 50-day simple moving average of $22.34 and a two-hundred day simple moving average of $24.67. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32. PLDT Inc. has a 52 week low of $21.00 and a 52 week high of $30.39.

PLDT (NYSE:PHI) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.68 EPS for the quarter. The company had revenue of $933.44 million during the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. Equities analysts predict that PLDT Inc. will post 2.76 EPS for the current year.

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.