PLDT Inc. (PHI) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its stake in shares of PLDT Inc. (NYSE:PHI) by 12.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,843 shares of the technology company’s stock after selling 14,780 shares during the period. Ameriprise Financial Inc.’s holdings in PLDT were worth $3,808,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PHI. UBS Group AG boosted its position in shares of PLDT by 0.6% during the 1st quarter. UBS Group AG now owns 26,047 shares of the technology company’s stock valued at $837,000 after purchasing an additional 166 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of PLDT by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 8,272 shares of the technology company’s stock worth $265,000 after buying an additional 568 shares during the period. Wells Fargo & Company MN raised its position in PLDT by 9.6% during the second quarter. Wells Fargo & Company MN now owns 69,409 shares of the technology company’s stock valued at $2,451,000 after acquiring an additional 6,062 shares in the last quarter. Aperio Group LLC raised its position in 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 acquiring an additional 15,728 shares in the last quarter. Finally, Comerica Bank raised its position in PLDT by 1.3% during the first quarter. Comerica Bank now owns 12,468 shares of the technology company’s stock valued at $441,000 after acquiring an additional 161 shares in the last quarter. 9.46% of the stock is currently owned by hedge funds and other institutional investors.



PHI has been the topic of several recent research reports. Deutsche Bank AG lowered shares of PLDT from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub lowered shares of PLDT from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered shares of PLDT from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. PLDT currently has an average rating of “Hold”.

PLDT Inc. (NYSE:PHI) traded up $0.76 on Friday, reaching $34.13. 62,600 shares of the company’s stock were exchanged, compared to its average volume of 95,885. PLDT Inc. has a 1 year low of $25.50 and a 1 year high of $38.54. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a market capitalization of $7,290.00, a P/E ratio of 12.84, a P/E/G ratio of 0.91 and a beta of 0.99.

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PLDT Company Profile

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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