A new filing revealed that Capital Group’s entities—Capital Research and Management Company and Capital International Sarl—acquired an additional 18.3 million URC shares between May 2 and May 20, 2025.
Recent share purchases ranged from P84.09 to P92.46 per share, pushing the group’s total holdings to 108.11 million shares, valued at around P9.7 billion at the current stock price.
The filing suggests Capital Group, known as the world’s largest active fund manager with $2.8 trillion in global assets, has been steadily buying up URC shares in the open market.
The move comes as analysts have rated URC a bargain “buy” after the sharp drop in its share price.
Among these was AP Securities, which has a target price on URC of P99.67 per share.
Thanks to newfound support in the market, URC has gained nearly 9 percent since the start of the year. However, the stock is still down 18 percent over the past 12 months. It’s currently trading at P85 per share.
As a fund manager, Capital Group said in the filing the share purchases were made solely for investment purposes and not to change or influence control.
