Charles Schwab Investment Management Inc. Acquires 11,018 Shares of Koninklijke Philips N.V. $PHG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Koninklijke Philips N.V. by 18.0% in the first quarter, holding a total of 72,276 shares valued at approximately $1.84 million.
• Other institutional investors have also boosted their positions, with Northern Trust Corp raising its stake by 36.6% and GAMMA Investing LLC increasing theirs by a staggering 3,094.8%.
• In its recent earnings report, Koninklijke Philips reported $0.41 EPS, beating estimates of $0.29, and had a revenue of $5.05 billion compared to a forecast of $4.35 billion.

Charles Schwab Investment Management Inc. boosted its position in Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,276 shares of the technology company's stock after purchasing an additional 11,018 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Koninklijke Philips were worth $1,836,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Intrust Bank NA increased its stake in shares of Koninklijke Philips by 13.4% in the first quarter. Intrust Bank NA now owns 18,656 shares of the technology company's stock valued at $474,000 after buying an additional 2,202 shares during the period. ABC Arbitrage SA grew its stake in Koninklijke Philips by 183.9% during the first quarter. ABC Arbitrage SA now owns 101,108 shares of the technology company's stock worth $2,568,000 after purchasing an additional 65,490 shares during the period. PNC Financial Services Group Inc. grew its stake in Koninklijke Philips by 28.0% during the first quarter. PNC Financial Services Group Inc. now owns 45,442 shares of the technology company's stock worth $1,154,000 after purchasing an additional 9,934 shares during the period. US Bancorp DE grew its stake in Koninklijke Philips by 0.9% during the first quarter. US Bancorp DE now owns 109,831 shares of the technology company's stock worth $2,790,000 after purchasing an additional 1,014 shares during the period. Finally, Nicolet Advisory Services LLC grew its stake in Koninklijke Philips by 14.5% during the first quarter. Nicolet Advisory Services LLC now owns 10,480 shares of the technology company's stock worth $266,000 after purchasing an additional 1,328 shares during the period. Institutional investors and hedge funds own 13.67% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Koninklijke Philips from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".

Koninklijke Philips Stock Up 1.7%

Shares of PHG stock traded up $0.46 during trading hours on Thursday, reaching $27.61. The company had a trading volume of 370,419 shares, compared to its average volume of 975,765. Koninklijke Philips N.V. has a 12 month low of $21.48 and a 12 month high of $32.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 0.81. The business has a fifty day simple moving average of $25.98 and a 200-day simple moving average of $25.01. The company has a market cap of $26.59 billion, a price-to-earnings ratio of 145.34, a price-to-earnings-growth ratio of 0.75 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The technology company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.12. Koninklijke Philips had a return on equity of 11.95% and a net margin of 1.00%.The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $4.35 billion. On average, research analysts expect that Koninklijke Philips N.V. will post 1.63 earnings per share for the current fiscal 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.