Cetera Investment Advisers raised its holdings in shares of Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 116.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,288 shares of the technology company's stock after purchasing an additional 45,968 shares during the quarter. Cetera Investment Advisers' holdings in Koninklijke Philips were worth $2,337,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Koninklijke Philips by 1.3% during the 1st quarter. Royal Bank of Canada now owns 269,829 shares of the technology company's stock worth $6,854,000 after buying an additional 3,540 shares during the last quarter. AQR Capital Management LLC grew its stake in Koninklijke Philips by 60.8% in the 1st quarter. AQR Capital Management LLC now owns 17,010 shares of the technology company's stock valued at $432,000 after buying an additional 6,429 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Koninklijke Philips by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 846,253 shares of the technology company's stock valued at $21,495,000 after acquiring an additional 12,908 shares during the period. Jane Street Group LLC raised its holdings in Koninklijke Philips by 125.8% in the 1st quarter. Jane Street Group LLC now owns 104,024 shares of the technology company's stock valued at $2,642,000 after acquiring an additional 57,952 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Koninklijke Philips by 58.0% during the second quarter. JPMorgan Chase & Co. now owns 87,616 shares of the technology company's stock worth $2,101,000 after acquiring an additional 32,180 shares during the last quarter. 13.67% of the stock is owned by institutional investors.
Koninklijke Philips Stock Up 1.6%
NYSE PHG opened at $26.76 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. Koninklijke Philips N.V. has a 1-year low of $23.85 and a 1-year high of $33.44. The company has a 50 day moving average of $26.63 and a 200-day moving average of $27.82. The company has a market cap of $26.31 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 11.09 and a beta of 0.76.
Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.49 billion. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%. On average, equities research analysts expect that Koninklijke Philips N.V. will post 1.75 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Wall Street Zen raised Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded Koninklijke Philips from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday. UBS Group reaffirmed a "neutral" rating on shares of Koninklijke Philips in a report on Monday, August 3rd. Finally, Zacks Research cut Koninklijke Philips from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 15th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce".
View Our Latest Research Report on PHG
About Koninklijke Philips
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Free Report)
Koninklijke Philips N.V. NYSE: PHG, commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.
Philips' principal activities center on medical technologies and personal health.
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