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

Koninklijke Philips logo with Medical background

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

Several other large investors have also made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its holdings in shares of Koninklijke Philips by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,932 shares of the technology company's stock valued at $226,000 after acquiring an additional 384 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Koninklijke Philips by 3.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 11,401 shares of the technology company's stock valued at $289,000 after purchasing an additional 427 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Koninklijke Philips by 37.1% in 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 during the last quarter. Pzena Investment Management LLC boosted its holdings in Koninklijke Philips by 5.1% in the fourth quarter. Pzena Investment Management LLC now owns 13,683 shares of the technology company's stock valued at $346,000 after purchasing an additional 670 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in Koninklijke Philips by 4.1% in the fourth quarter. Atria Investments Inc now owns 19,009 shares of the technology company's stock valued at $481,000 after purchasing an additional 741 shares during the last quarter. 13.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Sanford C. Bernstein upgraded Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Wall Street Zen lowered Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Sunday, June 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Koninklijke Philips has a consensus rating of "Moderate Buy".

Read Our Latest Stock Analysis on Koninklijke Philips

Koninklijke Philips Stock Performance

NYSE PHG traded down $0.35 during mid-day trading on Friday, reaching $24.17. 871,452 shares of the stock were exchanged, compared to its average volume of 899,039. The business's 50 day moving average is $23.71 and its 200-day moving average is $25.01. Koninklijke Philips N.V. has a 1 year low of $20.61 and a 1 year high of $31.57. The company has a market capitalization of $23.27 billion, a P/E ratio of 56.21, a P/E/G ratio of 0.68 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.28.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the company posted $0.21 EPS. The company's revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts forecast that Koninklijke Philips N.V. will post 1.63 EPS 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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