GAMMA Investing LLC Has $8.90 Million Holdings in Koninklijke Philips (NYSE:PHG)

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its stake in shares of Koninklijke Philips by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,932 shares of the technology company's stock worth $226,000 after buying an additional 384 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings 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 valued at $289,000 after purchasing an additional 427 shares during the period. Farther Finance Advisors LLC raised its holdings 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 valued at $54,000 after purchasing an additional 582 shares during the period. Pzena Investment Management LLC raised its holdings 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 valued at $346,000 after purchasing an additional 670 shares during the period. Finally, Atria Investments Inc raised its holdings 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 valued at $481,000 after purchasing an additional 741 shares during the period. 13.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PHG. Sanford C. Bernstein raised shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a report on Thursday, February 20th. BNP Paribas raised shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 25th. Finally, Wall Street Zen raised shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

Koninklijke Philips Stock Up 0.6%

Koninklijke Philips stock opened at $23.47 on Friday. The stock has a market cap of $22.06 billion, a P/E ratio of -27.94, a P/E/G ratio of 0.82 and a beta of 0.76. 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 has a twelve month low of $21.48 and a twelve month high of $32.91. The company's 50-day moving average price is $23.73 and its two-hundred day moving average price is $25.41.

Koninklijke Philips (NYSE:PHG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.13. The firm 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 period in the prior year, the firm earned $0.21 EPS. As a group, analysts expect that Koninklijke Philips will post 1.63 EPS for the current year.

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.

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