GAMMA Investing LLC Boosts Position in Koninklijke Philips (NYSE:PHG)

GAMMA Investing LLC lifted its holdings in Koninklijke Philips (NYSE:PHG - Free Report) by 3,094.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,241 shares of the technology company's stock after purchasing an additional 339,278 shares during the quarter. GAMMA Investing LLC's holdings in Koninklijke Philips were worth $8,896,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its position 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 worth $226,000 after purchasing an additional 384 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Koninklijke Philips by 3.9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 11,401 shares of the technology company's stock worth $289,000 after purchasing an additional 427 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Koninklijke Philips by 37.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock worth $54,000 after purchasing an additional 582 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Koninklijke Philips by 5.1% in the 4th quarter. Pzena Investment Management LLC now owns 13,683 shares of the technology company's stock worth $346,000 after purchasing an additional 670 shares in the last quarter. Finally, Atria Investments Inc boosted its position in shares of Koninklijke Philips by 4.1% in the 4th quarter. Atria Investments Inc now owns 19,009 shares of the technology company's stock worth $481,000 after purchasing an additional 741 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

Koninklijke Philips Stock Performance

Shares of NYSE PHG traded down $0.21 during midday trading on Wednesday, reaching $23.62. 1,187,834 shares of the stock were exchanged, compared to its average volume of 854,782. The firm has a market cap of $22.20 billion, a price-to-earnings ratio of -28.12, a PEG ratio of 0.82 and a beta of 0.76. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $32.91. The firm has a 50-day simple moving average of $23.74 and a two-hundred day simple moving average of $25.36. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.13. The business had revenue of $4.31 billion for the quarter, compared to analysts' expectations of $4.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The business's revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. As a group, analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in 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. UBS Group upgraded Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. BNP Paribas upgraded shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 25th. Finally, Wall Street Zen upgraded shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Koninklijke Philips Profile

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.