Mondrian Investment Partners LTD reduced its stake in PLDT Inc. (NYSE:PHI) by 16.2% during the second quarter, Holdings Channel reports. The institutional investor owned 5,575,440 shares of the technology company’s stock after selling 1,080,733 shares during the period. PLDT makes up 5.6% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 4th largest position. Mondrian Investment Partners LTD’s holdings in PLDT were worth $196,869,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PHI. Macquarie Group Ltd. boosted its stake in PLDT by 14.8% in the fourth quarter. Macquarie Group Ltd. now owns 69,700 shares of the technology company’s stock valued at $1,920,000 after buying an additional 9,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in PLDT by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 317,463 shares of the technology company’s stock valued at $8,747,000 after buying an additional 22,184 shares in the last quarter. United Services Automobile Association boosted its stake in PLDT by 23.2% in the first quarter. United Services Automobile Association now owns 91,380 shares of the technology company’s stock valued at $2,939,000 after buying an additional 17,200 shares in the last quarter. Wells Fargo & Company MN boosted its stake in PLDT by 13.6% in the first quarter. Wells Fargo & Company MN now owns 63,347 shares of the technology company’s stock valued at $2,037,000 after buying an additional 7,589 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in 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 valued at $265,000 after buying an additional 568 shares in the last quarter. 10.19% of the stock is owned by hedge funds and other institutional investors.

Shares of PLDT Inc. (NYSE PHI) opened at 33.01 on Friday. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 19.25 and a beta of 1.01. PLDT Inc. has a 1-year low of $25.50 and a 1-year high of $40.75. The firm’s 50-day moving average is $34.08 and its 200-day moving average is $33.06.

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A number of brokerages recently issued reports on PHI. CLSA raised shares of PLDT from a “sell” rating to a “buy” rating in a research report on Wednesday, May 24th. Credit Suisse Group cut shares of PLDT from a “neutral” rating to an “underperform” rating in a research report on Wednesday, May 10th. Deutsche Bank AG cut shares of PLDT from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Zacks Investment Research raised shares of PLDT from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, TheStreet raised shares of PLDT from a “d+” rating to a “c-” rating in a research report on Monday, June 5th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $39.00.

About PLDT

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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