Bank of Montreal Can raised its position in shares of PLDT Inc. (NYSE:PHI) by 0.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 68,468 shares of the technology company’s stock after buying an additional 24 shares during the period. Bank of Montreal Can’s holdings in PLDT were worth $2,417,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Comerica Bank boosted its stake in shares of PLDT by 1.3% in the first quarter. Comerica Bank now owns 12,468 shares of the technology company’s stock worth $441,000 after buying an additional 161 shares during the period. UBS Group AG boosted its stake in shares of PLDT by 0.6% in the first quarter. UBS Group AG now owns 26,047 shares of the technology company’s stock worth $837,000 after buying an additional 166 shares during the period. World Asset Management Inc boosted its stake in shares of PLDT by 1.5% in the first quarter. World Asset Management Inc now owns 13,457 shares of the technology company’s stock worth $433,000 after buying an additional 194 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of PLDT by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,920 shares of the technology company’s stock worth $383,000 after buying an additional 258 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake 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. Hedge funds and other institutional investors own 10.19% of the company’s stock.

PLDT Inc. (NYSE PHI) traded up 1.48% during trading on Friday, hitting $33.50. The stock had a trading volume of 37,863 shares. The stock has a market capitalization of $7.24 billion, a PE ratio of 19.53 and a beta of 1.01. The stock’s 50-day moving average is $34.08 and its 200-day moving average is $33.06. PLDT Inc. has a 52-week low of $25.50 and a 52-week high of $40.75.

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A number of analysts have recently commented on the stock. Macquarie upgraded shares of PLDT from a “neutral” rating to an “outperform” rating in a report on Friday, May 26th. BidaskClub cut shares of PLDT from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research cut shares of PLDT from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet upgraded shares of PLDT from a “d+” rating to a “c-” rating in a report on Monday, June 5th. Finally, Deutsche Bank AG cut shares of PLDT from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.00.

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.

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Institutional Ownership by Quarter for PLDT (NYSE:PHI)

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