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Aurora Private Wealth Inc. Invests $1.70 Million in Koninklijke Philips N.V. (NYSE:PHG)

Koninklijke Philips logo with Medical background

Aurora Private Wealth Inc. purchased a new position in shares of Koninklijke Philips N.V. (NYSE:PHG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,726 shares of the technology company's stock, valued at approximately $1,695,000.

Other large investors also recently modified their holdings of the company. Colonial Trust Co SC grew its position in Koninklijke Philips by 724.0% during the 4th quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company's stock worth $36,000 after acquiring an additional 1,238 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Koninklijke Philips by 37.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock valued at $54,000 after purchasing an additional 582 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Koninklijke Philips during the fourth quarter worth about $55,000. Millstone Evans Group LLC acquired a new position in shares of Koninklijke Philips in the fourth quarter valued at approximately $60,000. Finally, Smartleaf Asset Management LLC raised its holdings in Koninklijke Philips by 177.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,489 shares of the technology company's stock valued at $114,000 after buying an additional 2,871 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PHG. Wall Street Zen lowered shares of Koninklijke Philips from a "buy" rating to a "hold" rating in a report on Sunday, June 15th. Sanford C. Bernstein raised shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

View Our Latest Report on PHG

Koninklijke Philips Trading Up 0.2%

Shares of PHG stock traded up $0.06 on Friday, hitting $24.14. The company had a trading volume of 758,921 shares, compared to its average volume of 896,189. Koninklijke Philips N.V. has a twelve month low of $20.61 and a twelve month high of $31.57. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.28. The firm has a market cap of $23.24 billion, a P/E ratio of 56.14, a P/E/G ratio of 0.68 and a beta of 0.76. The stock's 50-day moving average is $23.72 and its two-hundred day moving average is $25.05.

Koninklijke Philips (NYSE:PHG - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.13. Koninklijke Philips had a net margin of 2.11% and a return on equity of 10.97%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the firm posted $0.21 EPS. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Koninklijke Philips N.V. will post 1.63 earnings per share for the current fiscal year.

About Koninklijke Philips

(Free Report)

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.

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Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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