Trade Report: The Ameriprise Financial Inc. reached $5,683,000 position of Philippine Long Distance Telephone Co. (PHI)

The Ameriprise Financial Inc. reached $5,683,000 position  of Philippine Long Distance Telephone Co. (PHI)

Ameriprise Financial Inc. increased its stake in shares of Philippine Long Distance Telephone Co. (NYSE:PHI) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 127,522 shares of the company’s stock after buying an additional 4,072 shares during the period. Ameriprise Financial Inc. owned about 0.06% of Philippine Long Distance Telephone worth $5,683,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PHI. Gabelli Funds LLC boosted its position in shares of Philippine Long Distance Telephone by 3.5% in the second quarter. Gabelli Funds LLC now owns 124,077 shares of the company’s stock valued at $5,530,000 after buying an additional 4,200 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Philippine Long Distance Telephone by 2.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 290,500 shares of the company’s stock valued at $12,948,000 after buying an additional 6,900 shares during the last quarter. World Asset Management Inc boosted its position in shares of Philippine Long Distance Telephone by 8.3% in the second quarter. World Asset Management Inc now owns 13,370 shares of the company’s stock valued at $596,000 after buying an additional 1,027 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Philippine Long Distance Telephone by 8.8% in the second quarter. Deprince Race & Zollo Inc. now owns 64,363 shares of the company’s stock valued at $2,869,000 after buying an additional 5,230 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Philippine Long Distance Telephone during the second quarter valued at about $2,494,000. 9.80% of the stock is currently owned by institutional investors.

Philippine Long Distance Telephone Co. (NYSE:PHI) traded down 0.313% on Thursday, reaching $33.156. The company’s stock had a trading volume of 15,721 shares. The company’s 50 day moving average price is $36.50 and its 200-day moving average price is $39.83. Philippine Long Distance Telephone Co. has a 12-month low of $32.69 and a 12-month high of $51.27. The stock has a market cap of $7.16 billion, a PE ratio of 21.972 and a beta of 1.32.

Several brokerages recently issued reports on PHI. Zacks Investment Research cut Philippine Long Distance Telephone from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Citigroup Inc. cut Philippine Long Distance Telephone from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 3rd.

About Philippine Long Distance Telephone

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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