NBC Securities Inc. Purchases 13,341 Shares of Koninklijke Philips (NYSE:PHG)

NBC Securities Inc. increased its position in Koninklijke Philips (NYSE:PHG - Free Report) by 111,175.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,353 shares of the technology company's stock after purchasing an additional 13,341 shares during the period. NBC Securities Inc.'s holdings in Koninklijke Philips were worth $339,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legacy Wealth Asset Management LLC raised its position in Koninklijke Philips by 9.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 56,012 shares of the technology company's stock valued at $1,423,000 after buying an additional 4,681 shares during the last quarter. GAMMA Investing LLC raised its position in Koninklijke Philips by 3,094.8% in the 1st 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. Versant Capital Management Inc raised its position in Koninklijke Philips by 1,452.7% in the 1st quarter. Versant Capital Management Inc now owns 7,655 shares of the technology company's stock valued at $194,000 after buying an additional 7,162 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Koninklijke Philips by 9.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 99,003 shares of the technology company's stock valued at $2,507,000 after buying an additional 8,526 shares during the last quarter. Finally, Forum Financial Management LP raised its position in Koninklijke Philips by 18.0% in the 4th quarter. Forum Financial Management LP now owns 11,703 shares of the technology company's stock valued at $296,000 after buying an additional 1,784 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Koninklijke Philips Stock Up 0.6%

Shares of NYSE:PHG opened at $23.47 on Friday. The company has a market capitalization of $22.06 billion, a PE ratio of -27.94, a price-to-earnings-growth ratio of 0.82 and a beta of 0.76. 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 business has a fifty day moving average price of $23.73 and a two-hundred day moving average price of $25.41. Koninklijke Philips has a 1 year low of $21.48 and a 1 year high of $32.91.

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

About Koninklijke Philips

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.

Want to see what other hedge funds are holding PHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Koninklijke Philips (NYSE:PHG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.