GPS Wealth Strategies Group LLC Acquires New Holdings in PLDT Inc. (NYSE:PHI)

Posted by on Jul 2nd, 2023

GPS Wealth Strategies Group LLC purchased a new position in PLDT Inc. (NYSE:PHI – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,896 shares of the technology company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Belpointe Asset Management LLC purchased a new position in PLDT in the 4th quarter worth approximately $46,000. Citigroup Inc. grew its stake in PLDT by 1,869.6% in the 1st quarter. Citigroup Inc. now owns 2,265 shares of the technology company’s stock worth $80,000 after buying an additional 2,150 shares in the last quarter. Ronald Blue Trust Inc. grew its stake in PLDT by 72.3% in the 1st quarter. Ronald Blue Trust Inc. now owns 3,583 shares of the technology company’s stock worth $82,000 after buying an additional 1,503 shares in the last quarter. Prelude Capital Management LLC purchased a new position in PLDT in the 3rd quarter worth approximately $231,000. Finally, Signaturefd LLC grew its stake in PLDT by 10.0% in the 4th quarter. Signaturefd LLC now owns 10,381 shares of the technology company’s stock worth $237,000 after buying an additional 943 shares in the last quarter. Hedge funds and other institutional investors own 2.27% of the company’s stock.

PLDT Trading Down 0.5 %

Shares of PHI opened at $23.37 on Friday. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.58 and a beta of 0.58. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.31 and a current ratio of 0.33. PLDT Inc. has a fifty-two week low of $20.20 and a fifty-two week high of $32.27. The firm has a 50 day moving average price of $22.38 and a 200-day moving average price of $23.66.

PLDT (NYSE:PHI – Free Report) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.69 earnings per share for the quarter. PLDT had a net margin of 4.80% and a return on equity of 25.79%. The firm had revenue of $952.99 million during the quarter. As a group, equities research analysts forecast that PLDT Inc. will post 2.67 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of PLDT in a report on Thursday, May 18th. They issued a “buy” rating for the company.

PLDT Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PLDT (NYSE:PHI)

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