Royal Bank of Canada Reduces Position in PLDT Inc. (PHI)

Royal Bank of Canada lowered its position in PLDT Inc. (NYSE:PHI) by 13.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 164,433 shares of the technology company’s stock after selling 26,346 shares during the period. Royal Bank of Canada owned 0.08% of PLDT worth $5,806,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. M&T Bank Corp acquired a new position in PLDT during the second quarter valued at approximately $368,000. UBS Group AG grew its holdings in 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 purchasing an additional 166 shares during the last quarter. Wells Fargo & Company MN grew its holdings in PLDT by 13.6% during the first quarter. Wells Fargo & Company MN now owns 63,347 shares of the technology company’s stock valued at $2,037,000 after purchasing an additional 7,589 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in PLDT by 7.4% during the first quarter. Bank of New York Mellon Corp now owns 8,272 shares of the technology company’s stock valued at $265,000 after purchasing an additional 568 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in PLDT by 1.8% during the first quarter. Ameriprise Financial Inc. now owns 122,623 shares of the technology company’s stock valued at $3,946,000 after purchasing an additional 2,190 shares during the last quarter. Hedge funds and other institutional investors own 9.46% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/21/royal-bank-of-canada-reduces-position-in-pldt-inc-phi.html.

Several equities analysts have commented on PHI shares. BidaskClub downgraded PLDT from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research upgraded PLDT from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Deutsche Bank AG downgraded PLDT from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. PLDT currently has an average rating

A number of other large investors have also recently added to or reduced their stakes in the stock. M&T Bank Corp acquired a new position in PLDT during the second quarter valued at approximately $368,000. UBS Group AG grew its holdings in 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 purchasing an additional 166 shares during the last quarter. Wells Fargo & Company MN grew its holdings in PLDT by 13.6% during the first quarter. Wells Fargo & Company MN now owns 63,347 shares of the technology company’s stock valued at $2,037,000 after purchasing an additional 7,589 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in PLDT by 7.4% during the first quarter. Bank of New York Mellon Corp now owns 8,272 shares of the technology company’s stock valued at $265,000 after purchasing an additional 568 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in PLDT by 1.8% during the first quarter. Ameriprise Financial Inc. now owns 122,623 shares of the technology company’s stock valued at $3,946,000 after purchasing an additional 2,190 shares during the last quarter. Hedge funds and other institutional investors own 9.46% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/21/royal-bank-of-canada-reduces-position-in-pldt-inc-phi.html.

Several equities analysts have commented on PHI shares. BidaskClub downgraded PLDT from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research upgraded PLDT from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Deutsche Bank AG downgraded PLDT from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. PLDT currently has an average rating of “Hold”.

PLDT Inc. (NYSE PHI) opened at 32.80 on Friday. The firm has a market cap of $7.09 billion, a P/E ratio of 15.04 and a beta of 0.99. The firm’s 50-day moving average price is $32.56 and its 200 day moving average price is $34.13. PLDT Inc. has a one year low of $25.50 and a one year high of $38.54.

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)

Receive News & Ratings for PLDT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PLDT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply