NBC Securities Inc. Increases Stock Position in Koninklijke Philips (NYSE:PHG)

NBC Securities Inc. grew its stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 111,175.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,353 shares of the technology company's stock after acquiring an additional 13,341 shares during the quarter. NBC Securities Inc.'s holdings in Koninklijke Philips were worth $339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in Koninklijke Philips by 87.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company's stock worth $56,266,000 after purchasing an additional 1,038,321 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Koninklijke Philips by 36.6% during the fourth quarter. Northern Trust Corp now owns 1,608,749 shares of the technology company's stock worth $40,734,000 after buying an additional 430,757 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Koninklijke Philips during the fourth quarter valued at $10,655,000. GAMMA Investing LLC grew its holdings in shares of Koninklijke Philips by 3,094.8% during the first quarter. GAMMA Investing LLC now owns 350,241 shares of the technology company's stock valued at $8,896,000 after buying an additional 339,278 shares during the last quarter. Finally, Causeway Capital Management LLC increased its position in shares of Koninklijke Philips by 24.0% in the 4th quarter. Causeway Capital Management LLC now owns 1,566,850 shares of the technology company's stock valued at $39,673,000 after acquiring an additional 303,428 shares during the period. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Stock Performance

NYSE:PHG traded up $0.36 during mid-day trading on Tuesday, hitting $23.84. The company's stock had a trading volume of 1,549,671 shares, compared to its average volume of 852,086. Koninklijke Philips has a 1 year low of $21.48 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of -28.38, a PEG ratio of 0.82 and a beta of 0.76. The business's fifty day moving average is $23.71 and its two-hundred day moving average is $25.37.

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

Analyst Upgrades and Downgrades

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